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Cost of Car Rentals A survey of car rental agencies show s
Chapter 3, Problem 15RE(choose chapter or problem)
Problem 15RE
Cost of Car Rentals A survey of car rental agencies show s that the average cost of a car rental is $0.32 per mile. The standard deviation is $0.03. Using Chebyshev’s theorem, find the range in which at least 75% of the data values will fall. (3–2)
Questions & Answers
QUESTION:
Problem 15RE
Cost of Car Rentals A survey of car rental agencies show s that the average cost of a car rental is $0.32 per mile. The standard deviation is $0.03. Using Chebyshev’s theorem, find the range in which at least 75% of the data values will fall. (3–2)
ANSWER:
Solution :
Step 1 of 1:
Our goal is:
We need to find the range in which at least 75% of the data values will fall.
From the given information we know that the average cost of a car rental is per mile and the standard deviation s is $0.03.
Now we are using Chebyshev’s Rule to find the range.
Using Chebyshev’s Rule with k=2, then we know that at least
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