Using the Central Limit Theorem · Exercise 32
Use the following to answer the next two exercises: The cost of unleaded gasoline in the Bay Area once followed an unknown distribution with a mean of $4.59 and a standard deviation of $0.10. Sixteen gas stations from the Bay Area are randomly chosen. We are interested in the average cost of gasoline for the 16 gas stations.
What's the approximate probability that the average price for 16 gas stations is over $4.69?
(a) almost zero
(b) 0.1587
(c) 0.0943
(d) unknown
OpenStax, Introductory Statistics 2e · §7.3 Using the Central Limit Theorem · Exercise 32
No hints for this one.
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