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 75 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?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Finding the derivative using the power rule - Solutions Finding the derivative using the power rule - Solutions
finding resultant for the following force combinations finding resultant for the following force combinations
Finding the graph of a Parabola using certain values Finding the graph of a Parabola using certain values
The Salter-Harris System of Classifying Growth-Plate Injuries. The Likelihood of a Permanent Growth- The Salter-Harris System of Classifying Growth-Plate Injuries. The Likelihood of a Permanent Growth-
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
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: Introduction to Insulin

For a complete list of videos, visit our video library