asked 143k views
3 votes
At one point the average price of regular unleaded gasoline was $3.57 per gallon. Assume that the standard deviation price per gallon is $0.05 per gallon and use Chebyshev's inequality to answer the following. (a) What percentage of gasoline stations had prices within 4 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 $3.47 and $3.67?

asked
User Zeena
by
7.8k points

1 Answer

3 votes
I don’t know the answer for that I will try to work out this problem
answered
User Franck
by
8.0k points
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