Cost of Car Rentals A survey of car rental agencies show s

Chapter 3, Problem 15RE

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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)

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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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