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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
Your report should include the following sections:
- Title page
- Introduction and problem background (you must read the whole question before you can do this part)
- Data description
- Calculate the mean. Give an explanation as to what this means in relation to this problem.
- Calculate the upper and lower limits of the box-plot. Give an explanation as to what this means in relation to this problem.
- Construct the 95% confidence interval. Give an explanation as to what this means in relation to this problem.
- Analyses
- Describe the similarities and differences between the box plot and confidence interval calculated.
- Interpretation of results and conclusion
- Do the results from the sample validate AAA 's findings? Explain.
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