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AAA reported that the average price of regular gasoline is Pennsylvania during Memorial Day weekend in 2010 was $2.65 per gallon. The following data show
AAA reported that the average price of regular gasoline is Pennsylvania during Memorial Day weekend in 2010 was $2.65 per gallon. The following data show the price per gallon of regular gasoline for 15 randomly selected stations in the state.
$2.73 $2.59 $2.74 $2.65 $2.71
$2.73 $2.51 $2.71 $2.61 $2.64
$2.58 $2.46 $2.64 $2.74 $2.58
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- Calculate the mean - show your calculations. Give an explanation as to what this means in relation to this problem.
- Calculate the upper and lower limits of the box-plot to 4 decimal places - show your calculations Give an explanation as to what this means in relation to this problem.
- Construct the 95% confidence interval to 4 decimal places (make sure to include whether you used z or t) - show your calculations. Give an explanation as to what this means in relation to this problem.
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