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What Is the Likelihood of Finding a Price Between $3

Question 6

Multiple Choice

What is the likelihood of finding a price between $3.71 and $3.85 for a gallon of gasoline from a normally distributed population of gas prices? Assume μ = $3.78 and σ = $0.05.


A) 0.4974
B) 0.9948
C) 0.8385
D) 0.2487

Correct Answer:

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