The Oil Price Information Center of greater Houston reports the mean price per gallon of gas is

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The Oil Price Information Center of greater Houston reports the mean price per gallon of gas is $3 with a population standard deviation of .18. Assume a random sample of 40 gasoline stations is selected and their mean cost for regular gasoline is computed. What is the likelihood the sample mean is greater than $3.08?


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Understanding Business Statistics

ISBN: 978-1118145258

1st edition

Authors: Stacey Jones, Tim Bergquist, Ned Freed

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