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Author Question: What is the likelihood of finding a price of 3.85 or more for a gallon of gasoline from a normally ... (Read 84 times)

jasdeep_brar

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on: Jun 24, 2018
What is the likelihood of finding a price of 3.85 or more for a gallon of gasoline from a normally distributed population of gas prices? Assume  = 3.78 and  = 0.05.
 
  A) 0.0808
  B) 0.4192
  C) 0.3508
  D) 0.1492

Question 2

For the data given above, identify the value of MAD. Hint: Round the forecast values to 3 decimal places.
 
  A) 1,014,031.75
  B) 818.73
  C) 1,006.99
  D) 16.51


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Smiles0805

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Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

B


jasdeep_brar

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

cpetit11

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Reply 3 on: Yesterday
Wow, this really help

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