. The price of a litre of gasoline follows a normal distribution with a mean of £1.20and a standard deviation of £0.20. Find the priceabove which 23% of gas stationsexceed (round your answer to the nearest 2 decimal places).A) 0.74B) 1.96C) 1.35D) 2.46M

Let X= The price of a litre of gasoline. The mean μ=1.20 Standard deviation σ=0.20 The random…

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A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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The price of a litre of gasoline follows a normal distribution with a mean of £1.20 and a standard deviation of £0.20. Find the price above which 23% of gas stations exceed (round your answer to the nearest 2 decimal places). A) 0.74 B) 1.96 C) 1.35 D) 2.46 CIN