What is the likelihood of finding a price of 3.85 or more for a ...

[jasdeep_brar]

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

[Smiles0805]

Answer to Question 1

A

Answer to Question 2

B

[jasdeep_brar]

Thanks for the timely response, appreciate it

[JCABRERA33]

TYSM