Determine if the finite correction factor should be used. If so, use it in your calculations when you find the probability in a sample of 700 gas stations, the mean price for regular gasoline at the pump was $2.877 per gallon and the standard deviation was $0.008 per gallon. A random sample of size 50 is drawn from this population What is the probability that the mean price per gallon is less than $2.8747 The probability that the mean price per gation is less than $2.874 in (Round to four decimal places as needed)

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
Determine if the finite correction factor should be used if so, use it in your calculations when you find the probability
In a sample of 700 gas stations, the mean price for regular gasoline at the pump was $2.877 per gallon and the standard deviation was $0.008 per gallon. A random sample of size 50 is drawn from this population
What is the probability that the mean price per gallon is less than $2.8747
The probability that the mean price per gallon is less than $2.874 in
(Round to four decimal places as needed.)
Transcribed Image Text:Determine if the finite correction factor should be used if so, use it in your calculations when you find the probability In a sample of 700 gas stations, the mean price for regular gasoline at the pump was $2.877 per gallon and the standard deviation was $0.008 per gallon. A random sample of size 50 is drawn from this population What is the probability that the mean price per gallon is less than $2.8747 The probability that the mean price per gallon is less than $2.874 in (Round to four decimal places as needed.)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman