Author Question: What is the likelihood of finding a price of 3.85 or more for a gallon of gasoline from a normally ... (Read 48 times)

jasdeep_brar · **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