What is the probability that the sample mean price falls, Basic Statistics

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What is the probability that the sample mean price falls

A recent report said that the overall mean price µ for a gallon of gas is $3.14. Assume that overall std deviation Of price is $0.21/gallon. Suppose a poll of 36 random gas stations is taken, and the sample mean price is computed from the prices at these gas stations. What is the probability that the sample mean price falls within a nickel of the State's overall mean price? i.e between 3.09 and 3.19

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Basic Statistics: What is the probability that the sample mean price falls

Reference No:- TGS0116967

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Recent Questions Asked Basic Statistics

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Ask an Expert for Answer!!

Basic Statistics: What is the probability that the sample mean price falls

Reference No:- TGS0116967

Recent Questions Asked Basic Statistics

Q : To run and play requires a strong heart

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