Essay
The American Auto Association reports that the mean price per gallon of regular gasoline is $3.10, with a population standard deviation of $0.20. Assume a random sample of 16 gasoline stations is selected and their mean cost for regular gasoline is computed. What is the probability that the difference between the sample mean and the population mean is less than 0.01?
Correct Answer:
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0.1586
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Correct Answer:
Verified
Explanation: We use the...
View Answer
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