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October 24, 2014

October 24, 2014

Posted by **John** on Sunday, September 26, 2010 at 5:25pm.

Assume a random sample of 40 gasoline stations is selected and their mean cost for regular gasoline is computed.

1. What is the population in this case? what is the sample? what is the sample size?

2. What is the standard error of the mean in this experiment?

3. What is the probability that the sample mean is between $ 3.77 and $ 3.81?

4. What is the probability that the difference between the sample mean and the population mean is less than 0.01?

5. What is the likelihood the sample mean is greater than $ 3.87?

- Statistics -
**a**, Monday, March 24, 2014 at 10:11pm2.0285

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