At one point the average price of regular unleaded gasoline was ​$3.39 per gallon. Assume that the standard deviation price per gallon is ​$ per gallon and use​ Chebyshev's inequality to answer the following. ​(a) What percentage of gasoline stations had prices within standard deviations of the​ mean? ​(b) What percentage of gasoline stations had prices within standard deviations of the​ mean? What are the gasoline prices that are within standard deviations of the​ mean? ​(c) What is the minimum percentage of gasoline stations that had prices between ​$ and ​$​?

Answers

Answer 1

This question was not written completely

Complete Question

At one point the average price of regular unleaded gasoline was ​$3.39 per gallon. Assume that the standard deviation price per gallon is ​$0.07 per gallon and use​ Chebyshev's inequality to answer the following.

​(a) What percentage of gasoline stations had prices within 3 standard deviations of the​ mean?

​(b) What percentage of gasoline stations had prices within 2.5 standard deviations of the​ mean? What are the gasoline prices that are within 2.5 standard deviations of the​ mean?

​(c) What is the minimum percentage of gasoline stations that had prices between ​$3.11 and ​$3.67​?

Answer:

a) 88.89% lies with 3 standard deviations of the mean

b) i) 84% lies within 2.5 standard deviations of the mean

ii) the gasoline prices that are within 2.5 standard deviations of the​ mean is $3.215 and $3.565

c) 93.75%

Step-by-step explanation:

Chebyshev's theorem is shown below.

1) Chebyshev's theorem states for any k > 1, at least 1-1/k² of the data lies within k standard deviations of the mean.

As stated, the value of k must be greater than 1.

2) At least 75% or 3/4 of the data for a set of numbers lies within 2 standard deviations of the mean. The number could be greater.μ - 2σ and μ + 2σ.

3) At least 88.89% or 8/9 of a data set lies within 3 standard deviations of the mean.μ - 3σ and μ + 3σ.

4) At least 93.75% of a data set lies within 4 standard deviations of the mean.μ - 4σ and μ + 4σ.

(a) What percentage of gasoline stations had prices within 3 standard deviations of the​ mean?

We solve using the first rule of the theorem

1) Chebyshev's theorem states for any k > 1, at least 1-1/k² of the data lies within k standard deviations of the mean.

As stated, the value of k must be greater than 1.

Hence, k = 3

1 - 1/k²

= 1 - 1/3²

= 1 - 1/9

= 9 - 1/ 9

= 8/9

Therefore, the percentage of gasoline stations had prices within 3 standard deviations of the​ mean is 88.89%

​(b) What percentage of gasoline stations had prices within 2.5 standard deviations of the​ mean?

We solve using the first rule of the theorem

1) Chebyshev's theorem states for any k > 1, at least 1-1/k² of the data lies within k standard deviations of the mean.

As stated, the value of k must be greater than 1.

Hence, k = 3

1 - 1/k²

= 1 - 1/2.5²

= 1 - 1/6.25

= 6.25 - 1/ 6.25

= 5.25/6.25

We convert to percentage

= 5.25/6.25 × 100%

= 0.84 × 100%

= 84 %

Therefore, the percentage of gasoline stations had prices within 2.5 standard deviations of the​ mean is 84%

What are the gasoline prices that are within 2.5 standard deviations of the​ mean?

We have from the question, the mean =$3.39

Standard deviation = 0.07

μ - 2.5σ

$3.39 - 2.5 × 0.07

= $3.215

μ + 2.5σ

$3.39 + 2.5 × 0.07

= $3.565

Therefore, the gasoline prices that are within 2.5 standard deviations of the​ mean is $3.215 and $3.565

​(c) What is the minimum percentage of gasoline stations that had prices between ​$3.11 and ​$3.67​?

the mean =$3.39

Standard deviation = 0.07

Applying the 2nd rule

2) At least 75% or 3/4 of the data for a set of numbers lies within 2 standard deviations of the mean. The number could be greater.μ - 2σ and μ + 2σ.

the mean =$3.39

Standard deviation = 0.07

μ - 2σ and μ + 2σ.

$3.39 - 2 × 0.07 = $3.25

$3.39 + 2× 0.07 = $3.53

Applying the third rule

3) At least 88.89% or 8/9 of a data set lies within 3 standard deviations of the mean.μ - 3σ and μ + 3σ.

$3.39 - 3 × 0.07 = $3.18

$3.39 + 3 × 0.07 = $3.6

Applying the 4th rule

4) At least 93.75% of a data set lies within 4 standard deviations of the mean.μ - 4σ and μ + 4σ.

$3.39 - 4 × 0.07 = $3.11

$3.39 + 4 × 0.07 = $3.67

Therefore, from the above calculation we can see that the minimum percentage of gasoline stations that had prices between ​$3.11 and ​$3.67​ corresponds to at least 93.75% of a data set because it lies within 4 standard deviations of the mean.


Related Questions

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Answers

Answer:

x = 4

Step-by-step explanation:

First, you subtract 1 from both sides, giving you 3x = x + 8

Then you subtract 1x from both sides, so 2x = 8

Divide the 2 from both sides which leaves you with the answer, x = 4

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Step-by-step explanation:

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There are 11 apples in a basket. 5 of these apples are green.the rest of them are red. What are the ratio of all apples to red apples? What is the ratio of green apples to red apples?

Answers

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Answer:

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Nicole invested $400 in a fund for 6 years and was paid simple interest. The total interest that she received on the investment was $72. As a
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Answers

Answer:

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Step-by-step explanation:

The accrued amount of an investment is the original principal P plus the accumulated simple interest, I = Prt, therefore we have:

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Answers

Answer:

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Answer:

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Answer:

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Answers

Answer: It is Geometric.

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a. Draw a histogram of the binomial distribution for the survey.
b. What is the most likely outcome of the survey?
c. What is the probability that at least 3 families have a family dinner four times per week?​

Answers

Step-by-step explanation:

Use binomial probability:

P = nCr pʳ qⁿ⁻ʳ

where n is the number of trials,

r is the number of successes,

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Given n = 5, p = 0.58, and q = 0.42.

P(0) = ₅C₀ (0.58)⁰ (0.42)⁵⁻⁰ = 0.013

P(1) = ₅C₁ (0.58)¹ (0.42)⁵⁻¹ = 0.090

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Answers

Answer:

8

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-12 is below 0 and 8 is above

Answer:

8 is greater

Step-by-step explanation:

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Answers

Answer:

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Step-by-step explanation:

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High Hopes^^

Barry-

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Answers

Answer:

This is because it is easier this way.

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This may seem small, but being "clean" when doing math, will allow you to have an easier time dealing with a lot of problems. And also will be easier for other people when reading your equations and such.

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Answers

Answer:

-143.53119

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Answers

Answer: 5x - 3y = 45

Step-by-step explanation:

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Answers

Answer:

27.50(80) is 2,200

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I think this is how u do it correct me if I'm wrong

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Answers

Answer:

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Answer:

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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Answers

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Answers

Answer:

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Answers

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Answers


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Answers

Answer:

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<ABC = ?

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Please help and please pick between a b c or d

Answers

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26.1
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Answers

Answer: 88.74

Step-by-step explanation:

Answer:

Answer is 887.4

Step-by-step explanation:

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Answers

Answer:

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Step-by-step explanation:

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Determine the mean, median, mode, and midrange for this collection of class test scores: 88 82 97 76 79 92 65 84 79 90 75 82 78 77 93 88 95 73 69 89 93 78 60 95 88 72 80 94 88 74 a. Mean is 84, median is 82, mode is 82, midrange is 77 b. Mean is 82, median is 88, mode is 88, midrange is 77 c. Mean is 82.4, median is 88, mode is 82, midrange is 78.5 d. Mean is 82.4, median is 82, mode is 88, midrange is 78.5

Answers

Mean of a given set of data = Sum of all observations ÷ Total number of observations

Mean of this data set = 88 + 82 + 97 + 76 + 79 + 92 + 65 + 84 + 79 + 90 + 75 + 82 + 78 + 77 + 93 + 88 + 95 + 73 + 69 89 + 93 + 78 + 60 + 95 + 88 + 72 + 80 + 94 + 88 + 74

Mean = 2729 ÷ 30

Mean = 82.4

Median = the middle observation in a given set of data

Median of these test scores = 60 , 65 , 69 , 72 , 73 , 74 , 75 , 76 , 77 , 78 , 78 , 79 , 79 , 80 , 82 , 82 , 84 , 88 , 88 , 88 , 88 , 89 , 90 , 92 , 93 , 93 , 94 , 95 , 95 , 97 .

Median = 82 + 82 / 2

= 164 ÷ 2

= 82

Median = 82

Mode = most frequently occurring number in a given set of data .

Mode of these test scores =

= 60 = 1 time

= 65 = 1 time

= 69 = 1 time

= 72 = 1 time

= 73 = 1 time

= 74 = 1 time

= 75 = 1 time

= 76 = 1 time

= 77 = 1 time

= 78 = 2 times

= 79 = 2 times

= 80 = 1 time

= 82 = 2 times

= 84 = 1 time

= 88 = 4 times

= 89 = 1 time

= 90 = 1 time

= 92 = 1 time

= 93 = 2 times

= 94 = 1 time

= 95 = 2 times

= 97 = 1 time

Mode = 88

Midrange = average of the largest and smallest number in a given set of data

Midrange of these test scores = 97 + 60 / 2

= 97 + 60 / 2

= 157 ÷ 2

= 78.5

Midrange = 78.5

Therefore , the correct option is :-

(d) Mean is 82.4 , median is 82 , mode is 88 , midrange is 78.5


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Answers

Answer:

well when you hear "union" you think 'joined' or 'together' since thats what it means, In a mathmatical set of numbers, union means that both of the sets are necessary for the equation to be true. I'm not sure what the sets are in this problem but in order to get "union" from anything, that means that when you checked for your domains, the values that you got had to be part of both the given sets

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Answers

Answer:

65mph

Step-by-step explanation:

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Answers

The answer is -3.62... hope it helps! :)

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answer to the nearest whole gallon.
Оа
Ob
Oc
Od
at least 8 gallons.
at least 10 gallons.
at least 12 gallons.
at least 14 gallons

Answers

Answer:

at least 8 gallons

Step-by-step explanation:

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