What Is the Likelihood of Finding a Price Between $3

question 6

Multiple Choice

What is the likelihood of finding a price between $3.71 and $3.85 for a gallon of gasoline from a normally distributed population of gas prices? Assume μ = $3.78 and σ = $0.05.

• A)0.4974
• B)0.9948
• C)0.8385
• D)0.2487

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Definitions:

Acetylcholine

A neurotransmitter in both the central and peripheral nervous systems that plays a critical role in the activation of muscle action, learning, and memory.

Inhibitory

Refers to a process that restrains or suppresses the activity of a biological function or neural pathway.

Excitatory

Relating to or causing excitation, often in the context of neurotransmitters that stimulate nerve cells to initiate or increase activity.

Somatic Nervous System

The division of the peripheral nervous system that connects the central nervous system with sensory receptors, skeletal muscles, and the surface of the body.