document.write( "Question 1081874: The average retail price of gasoline (all types) for the first half of 2005 was 212.2 cents. What would the standard deviation have to be in order for a 19% probability that a gallon of gas costs less than $1.80? \n" ); document.write( "
Algebra.Com's Answer #695984 by Boreal(15235)![]() ![]() You can put this solution on YOUR website! 19% probability or the 19th percentile is z=-0.88 from the table. \n" ); document.write( "-0.88=(1.80-2.122)/sd \n" ); document.write( "-0.88sd=-0.312 \n" ); document.write( "sd=$0.355 \n" ); document.write( "15.87% percentile is 1 sd, so this is just under 1 sd. \n" ); document.write( " |