Answered step by step
Verified Expert Solution
Question
1 Approved Answer
3. DETAILS ASWSBE13 13.E.025.ALT. MY NOTES ASK YOUR TEACHER DATAfile: MidwestGas You may need to use the appropriate technology to answer this question. The price
3. DETAILS ASWSBE13 13.E.025.ALT. MY NOTES ASK YOUR TEACHER DATAfile: MidwestGas You may need to use the appropriate technology to answer this question. The price drivers pay for gasoline often varies a great deal across regions throughout the United States. The following data show the price per gallon for regular gasoline for a random sample of gasoline service stations for three major brands of gasoline (Shell, BP, and Marathon) located in 11 metropolitan areas across the upper Midwest region.t Metropolitan Area Shell BP Marathon Akron, Ohio 3.7 3.8 3.7 Cincinnati, Ohio 3.72 3.83 3.87 Cleveland, Ohio 3.87 3.85 3.89 Columbus, Ohio 3.76 3.77 3.79 Ft. Wayne, Indiana 3.83 3.84 3.87 Indianapolis, Indiana 3.85 3.8 3.87 Lansing, Michigan 3.93 4.04 3.99 Lexington, Kentucky 3.79 3.78 3.79 Louisville, Kentuck 3.78 3.84 3.7 Muncie, Indiana 3.81 3.84 3.83 Toledo, Ohio 3.69 3.83 3.86 Use a = 0.05 to test for any significant difference in the mean price of gasoline for the three brands. State the null and alternative hypotheses O Ho: "shell F Hap F HMarathon He: "shell = Hap = HMarathon O H : " Shell = Hap = /Marathon H : Not all the population means are equal. O Ho: "Shell = Hep AMarathon He: "shell = Hap = Marathon O Ho: Not all the population means are equal. He: Hshell = Hap = /Marathon O H : At least two of the population means are equal. H : At least two of the population means are different. Find the value of the test statistic. (Round your answer to two decimal places.) Find the p-value. (Round your answer to three decimal places.) p-value = State your conclusion. O Do not reject Ho. There is not sufficient evidence to conclude that there is a significant difference in the mean price per gallon for regular gasoline among the three brands. O Reject Ho. There is not sufficient evidence to conclude that there is a significant difference in the mean price per gallon for regular gasoline among the three brands. O Do not reject Hy. There is sufficient evidence to conclude that there is a significant difference in the mean price per gallon for regular gasoline among the three brands. O Reject H. There is sufficient evidence to conclude that there is a significant difference in the mean price per gallon for regular gasoline among the three brands. Need Help? Read It
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started