Mathematics, 31.10.2021 14:00 lilo1841
In December 2018, the average price of regular unleaded gasoline excluding taxes in the United States was $3.06 per gallon
Assume that the standard deviation price per gallon is $0.05 per gallon and use Chebyshev's Inequality to answer the following
(a) What minimum percentage of gasoline stations had prices within 2 standard deviations of the mean?
(b) What minimum percentage of gasoline stations had prices within 2.5 standard deviations of the mean?
(c) What is the minimum percentage of gasoline stations that had prices between $2.91 and $3.21?
Answers: 1
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In December 2018, the average price of regular unleaded gasoline excluding taxes in the United State...
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