Probability density functions and gas prices

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Probability density functions and gas prices

Probability Probability Density Function Statistics

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Suppose the price of a gallon of gas in the U.S. for a certain year is uniformly distributed between $3.55 and $4.05. Using this information, provide the equation for the probability density function (pdf) and graph the pdf of the price of gasoline. Additionally, determine the percent of stores that charge more than $4 per gallon.




 

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