Use the following to answer the next two exercises: The cost of unleaded gasoline in the Bay Area once followed an unknown distribution with a mean of $4.59 and a standard deviation of $0.10. Sixteen gas stations from the Bay Area are randomly chosen. We are interested in the average cost of gasoline for the 16 gas stations.
Salaries for managers in a restaurant chain are normally distributed with a mean of $44,000 and a standard deviation of $6,500. We randomly survey 10 managers from that district.
- Find the 90th percentile for an individual manager's salary.
- Find the 90th percentile for the average manager's salary.
OpenStax Statistics, 7.3 Using the Central Limit Theorem, exercise 51