Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

The mean number of gallons of gasoline pumped per customer at Ray's Marathon Station is 9.5 gallons with a standard deviation of 0.75 gallons. The median number of gallons pumped is 10.0 gallons. The arithmetic mean amount of time spent by a customer in the station is 6.5 minutes with a standard deviation of 2 minutes.

a. According to chebyshev's Theorem, what proportion (percent) of the customers spend between 3.30 minutes and 9.70 minutes at the station?

b. According to the Empirical Rule, what proportion of the customers pump between 8.00 gallons and 11.00 gallons?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91791110
  • Price:- $20

Priced at Now at $20, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

6year 8 coupon bond with semi annual payments par value

6 year, 8% coupon bond with semi annual payments, Par Value = $1000. 1) Find out price of the bond if YTM = 10%. 2) What happens to the bond price if YTM decreases 1 basis point? 3) Is the effect of 1 basis point decreas ...

Estimate the proportion of people in various states that

Estimate the proportion of people in various states that will use the courior services. Suppose the true proportion is 0.03. If 476 are sampled, what is the probability that the sample proportion will be less than 0.04?

What do we mean by financial intelligence how to assess a

What do we mean by financial intelligence? How to assess a company's health? Use the plain language to define operating experience, capital expenditure, accruals, depreciation, and goodwill. Describe differences between ...

Among 140 subjects with positive test results there are 25

Among 140 subjects with positive test? results, there are 25 false positive? results; among 152 negative? results, there are 22 false negative results. If one of the test subjects is randomly? selected, find the probabil ...

Which level of risk considers sources of danger or

Which level of risk considers sources of danger or uncertainties that have a direct and model-wide impact?

Would you actually build a contingency chart for this

Would you actually build a contingency chart for this question or is this just probability basics? Bob sets two battery powered alarm clocks to make sure he wakes up in time for his 8 AM accounting test. Each alarm clock ...

Please help me solve thisuse a normal approximation to find

Please help me solve this. Use a normal approximation to find the probability of the indicated number of voters. In this? case, assume that 157 eligible voters aged? 18-24 are randomly selected. Suppose a previous study ...

Jen and barry calculate the overall cost per shift y for

Jen and Barry calculate the overall cost per shift y for "Jen & Barry's Fast Fresh Salad Bags". They determine that 20 salad bags can be produced for a total cost of $80 and that 50 salad bags can be produced for total c ...

Question 1co6 from a random sample of 68 businesses it is

Question 1 (CO6) From a random sample of 68 businesses, it is found that the mean time that employees spend on personal issues each week is 4.9 hours with a standard deviation of 0.35 hours. What is the 95% confidence in ...

The owner of the heating and air-conditioning company has

The owner of the heating and air-conditioning company has two employees that make service calls. He is interested in the number of service calls made per day. The sample standard deviation for employee A is 1.05 calls pe ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As