Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Coursepad Name: Math 133: 3.2 Worksheet #3 Section #: 3.2: Measures of Dispersion 1. The following table presents the average price, in U.S. dollars per

image text in transcribed
image text in transcribed
Coursepad Name: Math 133: 3.2 Worksheet #3 Section #: 3.2: Measures of Dispersion 1. The following table presents the average price, in U.S. dollars per gallon, of unleaded regular gasoline in a random sample of countries in the years 2017 and 2022. (Source Country 2017 2022 a) What type of variable is "Country" (Circle one) Australia 5.11 5.71 Canada 3.44 7.07 Qualitative Quantitative China 3.56 6.13 Germany 5.38 9.57 b) What type of variable is "Gas Price" (Circle one) Japan 4.01 5.85 Mexico 3.07 5.19 Qualitative Quantitative South Korea 4.54 7.07 Turkey 5.94 6.24 c) What is the unit of measurement of "Gas Price" United States| 2.79 5.50 d) Are values computed from these data parameters or statistics? (Circle One) Explain. Parameters Statistics e) Find the following (give 2 decimal places). 2017 2022 Mean Median Standard Deviation Variance f) Which year had more variability in gas prices? (Circle One) 2017 2022 g) Interpret the mean and standard deviation for 2022 in the context of the situation. (Include units) h) What appears to be the shape of the distribution of the gas prices for 2022? Explain

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Elementary Differential Geometry

Authors: Christian Bar

1st Edition

051173123X, 9780511731235

More Books

Students also viewed these Mathematics questions

Question

Define self-image. (p. 24)

Answered: 1 week ago

Question

What approach does JIT take to minimize total in ventory costs? LO5

Answered: 1 week ago

Question

What is the economic order quantity? LO5

Answered: 1 week ago