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According to a recent news report, the average price of gasoline is $3.80 per gallon
(March 2011). This price can be considered as the nationwide population mean price
per gallon. Suppose that the standard deviation of the gasoline price per gallon is
$0.50. A sample of 49 gas stations in Salt Lake City is taken. The probability that the
sample mean price is within
Solution
The probability is
P(-0.1

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According to a recent news report, the average price of gasoline is .pdf

  • 1. According to a recent news report, the average price of gasoline is $3.80 per gallon (March 2011). This price can be considered as the nationwide population mean price per gallon. Suppose that the standard deviation of the gasoline price per gallon is $0.50. A sample of 49 gas stations in Salt Lake City is taken. The probability that the sample mean price is within Solution The probability is P(-0.1