The accompanying table shows a portion of the average price for a gallon of gas for the
Question:
State .... Price per Gallon
Alabama .... $4.36
Alaska ... 3.79
: :
Wyoming .. 3.63
a. Construct a frequency distribution and histogram for the average gas prices. Use six classes with upper limits of $3.70, $3.90, etc.
b. Is the distribution symmetric? If not, is it positively or negatively skewed?
c. Which class interval had the highest frequency?
d. Given your results from (a), construct an ogive.
Approximate the percentage of states that had average gas prices of $3.90 or less. Approximate the number of states that had average gas prices greater than $3.90.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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a PriceGallon Frequency 35 up to 37 3 37 up to 39 27 39 up to 41 ...View the full answer
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Related Book For 
Essentials Of Business Statistics Communicating With Numbers
ISBN: 9780078020544
1st Edition
Authors: Sanjiv Jaggia, Alison Kelly
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