Price drivers pay
Edit View Go Tools Window Help chegg.com Statistics Projects-Spring 2020 (1).pdf [page 12 of 16] Q Search Statistics Projects GMC Due: Final Exam Suppose that a basket with 3 balls: gold, silver, and copper. We are going to select three balls with replacement (independent). (a) Draw a tree diagram; (b) Determine the probability distribution (i.e., find the sample space and assign the probability to each event of the sample space); (c) Let X = number of the gold balls, and calculate the following: X P(X) 3 1 (d) Is this a proper probability model? Please explain. (e) Verify the outcome by the binomial probability formula. NOTE: This paper must be typed. ACheck My Work (2 remaining) eBook Exercise 13.25} The price drivers pay for gasoline often varies a great deal across regions throughout the United States. The following data show the price per gallon for regular gasoline for a random sample of gasoline service stations for three major brands of gasoline (Shell, BP, and Marathon) located in eleven metropolitan areas across the upper Midwest region (OhioGasPrices.com website, March 18, 2012). Click on the webfile logo to reference the data. WEB file Metropolitan Area Shell BP Marathon Akron, OH 3.77 3.83 3.78 Cincinnati, OH 3.72 3.83 3.87 Cleveland, OH 3.87 3.85 3.89 Columbus, OH 3.76 3.77 3.79 Ft. Wayne, IN 3.83 3.84 3.87 Indianapolis, IN 3.85 3.84 3.87 Lansing, MI 3.93 4.04 3.99 Lexington, KY 3.79 3.78 3.79 Louisville, KY 3.78 3.84 3.79 Muncie, IN 3.81 3.84 3.83 Toledo, OH 3.69 3.83 3.86 Use a = .05 to test for any significant difference in the mean price of gasoline for the three brands. Round SS to 6 decimals, MS to 7 decimals, F to 2 decimals and p to 3 decimals, if necessary. Source DF SS MS Metropolitan Area Brand Error Total The p-value is [ - Select your answer -:) What is your condusion? - Select your answer Check My Work (2 remaining)25. The price drivers pay for gasoline often varies a great deal across regions throughout the United States. The following data show the price per gallon for regular gasoline for a random sample of gasoline service stations for three major brands of gasoline (Shell, BP, and Marathon) located in 11 metropolitan areas across the upper Midwest region (OhioGasPrices.com website, March 18, 2012). DATA file MidwestGas Metropolitan Area Shell BP Marathon Akron, Ohio 3.77 3.83 3.78 Cincinnati, Ohio 3.72 3.83 3.87 Cleveland, Ohio 3.87 3.85 3.89 Columbus, Ohio 3.76 3.77 3.79 Ft. Wayne, Indiana 3.83 3.84 3.87 Indianapolis, Indiana 3.85 3.84 3.87 Lansing, Michigan 3.93 4.04 3.99 Lexington, Kentucky 3.79 3.78 3.79 Louisville, Kentucky 3.78 3.84 3.79 Muncie, Indiana 3.81 3.84 3.86 Toledo, Ohio 3.69 3.83 3.86 Use a = .05 to test for any significant difference in the mean price of gasoline for the three brands
