Question: Determine if the finite correction factor should be used. If so, use it in your calculations when you find the probability. In a sample of

Determine if the finite correction factor should be used. If so, use it in your calculations when you find the probability. In a sample of 800 gas stations, the mean price for regular gasoline at the pump was $2.867 per gallon and the standard deviation was $0.009 per gallon. A random sample of size 55 is drawn from this population. What is the probability that the mean price per gallon is less than $2.864? . . . The probability that the mean price per gallon is less than $2.864 is (Round to four decimal places as needed.)
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
