SOLUTION: The average retail price of gasoline(all types) for the first half of 2009 was 236.5 cents. What would the standard deviation have to be in order for a 15 % probability that a gall

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Question 1193876: The average retail price of gasoline(all types) for the first half of 2009 was 236.5 cents. What would the standard deviation have to be in order for a 15 % probability that a gallon of gas costs less than 2 dollars.
Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
z=-1.036
z=(x-mean)/sd
-1.036<(200-236.5)/sd
-1.036sd <-36.5
sd=35.2 cents