{"id":25460,"date":"2022-01-17T11:23:29","date_gmt":"2022-01-17T11:23:29","guid":{"rendered":"https:\/\/assignmenttutors.net\/blog\/the-oil-price-information-center-of-greater-houston-reports-the-mean\/"},"modified":"2022-01-17T11:23:29","modified_gmt":"2022-01-17T11:23:29","slug":"the-oil-price-information-center-of-greater-houston-reports-the-mean","status":"publish","type":"post","link":"https:\/\/assignmenttutors.net\/blog\/the-oil-price-information-center-of-greater-houston-reports-the-mean\/","title":{"rendered":"The oil price information center of greater houston reports the mean"},"content":{"rendered":"<div>\n<p><strong>The Oil Price Information Center of greater Houston reports the mean price per gallon of gas is $3 with a population standard deviation of .18. Assume a random sample of 40 gasoline stations is selected and their mean cost for regular gasoline is computed. What is the likelihood the sample mean is greater than $3.08? <\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong><span>Additional Requirements<\/span><\/strong><strong\/><\/p>\n<p>Other Requirements: My teacher said my first attempt was wrong. He said this, &#8220;You are asked to find the probability of the sample mean being within .01 of the population mean 3.0.&#8221; This problem comes from the section on Sampling Methods and the Central Limit Theorem. I hope this helps you to help me. \ud83d\ude42 Thanks.\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Oil Price Information Center of greater Houston reports the mean price per gallon of gas is $3 with a population standard deviation of .18. Assume a random sample of 40 gasoline stations is selected and their mean cost for regular gasoline is computed. What is the likelihood the sample mean is greater than $3.08? [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-25460","post","type-post","status-publish","format-standard","hentry","category-education"],"_links":{"self":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/25460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/comments?post=25460"}],"version-history":[{"count":0,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/25460\/revisions"}],"wp:attachment":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/media?parent=25460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/categories?post=25460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/tags?post=25460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}