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According to a recent economist report, an adult driver in America spends between $500 and $2500 on gasoline per year. Consider this spending pattern...
According to a recent economist report, an adult driver in America spends between $500 and $2500 on gasoline per year. Consider this spending pattern to be uniformly distributed.
- What is the mean amount spent on gasoline?
- What is the standard deviation of the amount spent?
- What is the probability of a randomly selected adult spending less than $1000 on gasoline?
- What is the probability of a randomly selected adult spending more than $2200 on gasoline?