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In: Statistics and Probability

Suppose the average price of gasoline for a city during summer follows an uniform distribution with...

Suppose the average price of gasoline for a city during summer follows an uniform distribution with a lower bound of $3.50 per gallon and an upper bound of $3.80 per gallon? Show all calculation with formula and interpret your result for each problem to get full credit.

  1. Compute the mean and standard deviation.
  2. What is the probability a randomly chosen gas station charges more than $3.70 per gallon?
  3. What is the probability a randomly chosen gas station charges less than $3.55 per gallon?
  4. What is the probability a randomly chosen gas station charges less than $3.62 or greater than $3.75 per gallon?

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TOPIC:Use of the Uniform distribution to find the required probabilities.

orchestra answered 1 year ago
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