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 $2.876 per gallon and the standard deviation was $0.008 per gallon. A random sample of size 45 is drawn from this population. What is the probability that the mean price per gallon is less than $2.874?   The probability that the mean price per gallon is less than $2.874 is (Round to four decimal places as needed.)

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
icon
Related questions
Question
100%
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 $2.876 per gallon and the standard deviation was $0.008 per gallon. A random sample of size 45 is drawn from this population. What is the probability that the mean price per gallon is less than $2.874?
 
The probability that the mean price per gallon is less than $2.874 is (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
Knowledge Booster
Point Estimation, Limit Theorems, Approximations, and Bounds
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill