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Part 2 -Compare your sample estimate to the current mean gas price in the State of Ohio. Find the mean price of gasoline in the
Part 2-Compare your sample estimate to the current mean gas price in the State of Ohio.
- Find the mean price of gasoline in the State of Ohio. You might trythis GasBuddy website.
- Set up a null and alternative hypothesis to see if your sample for Dayton is enough to prove that the population mean gasoline price in Dayton is differentthan the mean price in Ohio. Test the hypotheses. Show your work.
- Using a significance level of 0.05, what is your conclusion?
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