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September 20, 2014

Homework Help: statistics

Posted by Joy on Wednesday, August 10, 2011 at 12:20am.

Statistical Abstracts (117th edition) reports sale price of unleaded gasoline (in cents per gallon) at the refinery. The distribution is mound-shaped with mean μ = 80.04 cents per gallon and standard deviation, σ = 4.74 cents per gallon.

(a) Are we likely to get good results if we use the normal distribution to approximate the distribution of sample means for samples of size 9? Explain.

(b) Find the probability that for a random sample of size 9, the sample mean price will be between 79 and 82 cents per gallon.

(c) Find the probability that for a random sample of size 36, the sample mean price will be between 79 and 82 cents per gallon.


(d) Compare your answers for parts (b) and (c) and give a reason for the difference.

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