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Sample Location Gas Price Time 1 Sample Location Gas Price Time 2 East Coast $2.62 Texas $2.46 New England $2.66 New York $2.71 Central Atlantic
| Sample Location | Gas Price Time 1 | Sample Location | Gas Price Time 2 | |
| East Coast | $2.62 | Texas | $2.46 | |
| New England | $2.66 | New York | $2.71 | |
| Central Atlantic | $2.64 | Boston, MA | $2.67 | |
| Lower Atlantic | $2.47 | Chicago, IL | $2.99 | |
| Midwest | $2.55 | Houston, TX | $2.44 | |
| Gulf Coast | $2.36 | Los Angeles, CA | $3.70 | |
| West Coast | $3.14 | New York Harbor | $2.68 | |
| California | $3.19 | San Francisco, CA | $3.77 | |
| Massachusetts | $2.60 | |||
| Interpret the t-test results: Are U.S gas prices from time 1 and U.S gas prices from time 2 significantly different? Do you reject the null hypothesis? Why? (alpha level .05) |
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Health Economics
Authors: Jay Bhattacharya, Timothy Hyde, Peter Tu
1st Edition
113702996X, 978-1137029966
