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In January 2011, the United States Saw an Increase in Gas

question 40

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In January 2011, the United States saw an increase in gas prices.Imagine the average price per gallon was $3.12 with a standard deviation of $0.27, according to a source such as AAA (Automobile Association of America) that tracks gas prices.Adam is on his long mid-semester break, so he and some of his friends decide to go on a 3000-mile road trip.He records the price of gas each of the 10 times they fill up the tank, and he computes an average price per gallon of $3.16.What percent of other sample means, based on 10 gas stations, would be greater than the one Adam observed? (Round z score to two decimal places.)


Definitions:

Exhilaration

Exhilaration is a feeling of excitement, happiness, or elation, often resulting from an engaging or stimulating experience.

Endorphins

Natural pain-relieving chemicals produced by the brain that also promote feelings of pleasure and well-being.

Physically Exhausting

Refers to the state of extreme physical fatigue often resulting from demanding activity or exertion.

Acetylcholine

A neurotransmitter in the central and peripheral nervous system, involved in muscle activation, memory formation, and learning.

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