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  book-img-for-question

Business Statistics

ISBN: 9780321716095

2nd Edition

Authors: Norean D. Sharpe, Paul F. Velleman, David Bock, Norean Radke Sharpe

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