Find the probability and interpret the results
Find the probability and interpret the results. If convenient, use technology to find the
probability. During a certain week the mean price of gasoline was
$2.709 per gallon. A random sample of 3535 gas stations is drawn from this population. What is the probability that the mean price for the sample was between
$2.697 and $2.725 that week? Assume σ =$0.0440
The probability that the sample mean was between
$2.697 and $2.725 is
Choose the correct answer below.
A.
About 77% of the population of 3535 gas stations that week will have a mean price between $ 2.697 and $2.725
B.
About
93% of samples of 3535 gas stations that week will have a mean price between $ 2.697 and $2.725.
C.
About 77% of samples of 3535 gas stations that week will have a mean price between $ 2.697 and $2.725
D.
About 93% of the population of 3535 gas stations that week will have a mean price between $ 2.697 and $2.7252.