The data set provided contains U.S. regular retail gasoline prices (cents/gallon) from 2007 to August 2017, from

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The data set provided contains U.S. regular retail gasoline prices (cents/gallon) from 2007 to August 2017, 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.

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Business Statistics

ISBN: 9780134705217

4th Edition

Authors: Norean Sharpe, Richard Veaux, Paul Velleman

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Question Posted: Feb 27, 2020 11:31 AM

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The data set provided contains U.S. regular retail gasoline prices (cents/gallon) from 2007 to August 2017, from

Question:

Step by Step Answer:

a The histogram of gas prices shows a bimodal distribution with a lar...View the full answer

Business Statistics

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