document.write( "Question 1150405: the average retail price of gasoline (all types) for 2014 was $3.42 cents. what would the standard deviation have to be in order for there to be a 15% probability that a gallon cost less than $3.00?
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Algebra.Com's Answer #772704 by Boreal(15235)![]() ![]() You can put this solution on YOUR website! z=(x-mean)/sd \n" ); document.write( "z=-1.04 for 15th percentile \n" ); document.write( "-1.04=(3.00-3.42)/sd \n" ); document.write( "-1.04 sd=-0.42 \n" ); document.write( "sd=$0.40 or 40 cents \n" ); document.write( " |