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5 The mean cost of gas in the US in November 2022 is 3.pdf

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Gas prices in the US in November 2022 had a mean of $3.74 per gallon with a standard deviation of $0.21. A gas price of $2.97 per gallon has a z-score of -3.71, meaning it is over 3 standard deviations below the mean. There is a probability of 0.0008, or 0.08%, that a randomly selected gas station would have a price less than $3.53 per gallon.

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5) The mean cost of gas in the U.S (in November, 2022) is $3.74 per gallon with a standard deviation of $0.21. Gas prices in the U.S. are know are known to normally distributed. a) Find and interpret the z-score for a gas price of $2.97 per gallon. b) If you randomly selected a gas station in the U.S. (in November, 2022), what is the probability that the gas at that station costs less than $3.53

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  • 1. 5) The mean cost of gas in the U.S (in November, 2022) is $3.74 per gallon with a standard deviation of $0.21. Gas prices in the U.S. are know are known to normally distributed. a) Find and interpret the z-score for a gas price of $2.97 per gallon. b) If you randomly selected a gas station in the U.S. (in November, 2022), what is the probability that the gas at that station costs less than $3.53