Regular gas. The data set provided contains U.S. regular retail gasoline prices (cents/gallon) from August 20, 1990
Question:
Regular gas. The data set provided contains U.S.
regular retail gasoline prices (cents/gallon) from August 20, 1990 to May 28, 2007, from a national sample of gasoline stations obtained from the U.S. Department of Energy.
a) Create a histogram of the data and describe the distribution.
b) Create a time series plot of the data and describe the trend.
c) Which graphical display seems the more appropriate for these data? Explain.
Step by Step Answer:
Related Book For
Business Statistics
ISBN: 9780321716095
2nd Edition
Authors: Norean D. Sharpe, Paul F. Velleman, David Bock, Norean Radke Sharpe
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