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As of August 8, 2012, the national average price for a gallon of regular unleaded gasoline was $3.63. The prices for a sample of n
As of August 8, 2012, the national average price for a gallon of regular unleaded gasoline was $3.63. The prices for a sample of n = 10 gas stations in the state of Illinois are provided. This sample has a sample mean of $3.85. It is of interest to use this sample to compare the average gas price in Illinois to the national average.
(a) Define the appropriate parameter(s) and state the hypotheses for testing if this sample provides evidence that the average gas price in Illinois exceeds the national average.
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