Question
THE US -0.009 0.000 0.060 0.041 0.082 0.076 0.021 0.073 0.045 0.023 0.033 0.012 -0.002 0.044 0.071 -0.002 0.057 0.005 0.072 0.084 0.006 0.039 0.082
THE US
-0.009 0.000 0.060 0.041 0.082 0.076 0.021 0.073 0.045 0.023 0.033 0.012 -0.002 0.044 0.071 -0.002 0.057 0.005 0.072 0.084 0.006 0.039 0.082 0.015 0.032 0.041 -0.005 0.020 0.057 0.069 0.059 0.073 0.038 0.079 -0.016 0.052 -0.008 0.083 0.071 0.012 -0.004 0.055 0.057 0.019 0.053 0.036 0.055
EUROPE
-0.009 0.000 0.060 0.041 0.082 0.076 0.021 0.073 0.045 0.023 0.033 0.012 -0.002 0.044 0.071 -0.002 0.057 0.005 0.072 0.084 0.006 0.039 0.082 0.015 0.032 0.041 -0.005 0.020 0.057 0.069 0.059 0.073 0.038 0.079 -0.016 0.052 -0.008 0.083 0.071 0.012 -0.004 0.055 0.057 0.019 0.053 0.036 0.055
(c)
Find the value of the test statistic. Use12.
(Round your answer to two decimal places.)
Find thep-value.
(Round your answer to four decimal places.)
(d)
Develop a 95% confidence interval for thedifferencebetween the means of the two populations. Use EuropeU.S.
_____to________(Round your answers to three decimal places.)
(e)
You may need to use the appropriateappendix tableortechnologyto answer this question.
Develop a 95% confidence interval for the population mean gasoline prices for each location (Europe and the U.S.).
Europeto__________(Round your answers to three decimal places.)U.S.to__________(Round your answers to three decimal places.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started