This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is the likelihood of finding a price of 3.68 or less for a gallon of gasoline from a normally ... (Read 32 times)

stephzh

  • Hero Member
  • *****
  • Posts: 556
on: Jun 24, 2018
What is the likelihood of finding a price of 3.68 or less for a gallon of gasoline from a normally distributed population of gas prices? Assume  = 3.78 and  = 0.05.
 
  A) 0.4772
  B) 0.0793
  C) 0.4207
  D) 0.0228

Question 2

The advantage of using the interquartile range versus the range as a measure of variation is:
 
  A) it is easier to compute.
  B) it utilizes all the data in its computation.
  C) it gives a value that is closer to the true variation.
  D) it is less affected by extremes in the data.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kristenb95

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

D


stephzh

  • Hero Member
  • *****
  • Posts: 556
Reply #2 on: Jun 24, 2018
Correct answers!


kristenb95

  • Sr. Member
  • ****
  • Posts: 318
Reply #3 on: Jun 24, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

E85 has 85% ethanol mixed with 15% gasoline. E85 has 85% ethanol mixed with 15% gasoline.
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
Finding derivatives of Trig Functions - pt 2 Finding derivatives of Trig Functions - pt 2
Finding derivatives of Trig Functions - pt 3 Finding derivatives of Trig Functions - pt 3
The net price of an article is $79.84. What is the list price if a discount of 23% was allowed? The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?
Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ... Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ...
Video: Parkinson's Disease

For a complete list of videos, visit our video library