Data collected by a price reporting agency from more than 90,000 gasoline and convenience stores throughout the U.S. showed that the average price for a gallon of unleaded gasoline was $3.28. The following data show the price per gallon ($) for a sample of 20 gasoline and convenience stores located in San Francisco. 3.79 3.39 4.59 3.76 3.35 3.51 3.65 3.80 3.95 3.56 3.77 3.79 3.35 3.79 3.95 3.46 3.83 3.53 3.41 3.77 (a) Use the sample data to estimate the mean price in dollars for a gallon of unleaded gasoline in San Francisco. (b) Compute the sample standard deviation in dollars. (Round your answer to the nearest cent.) (c) Compare the mean price per gallon for the sample data to the national average price. What conclusions can you draw about the cost of living in San Francisco? The average price for a gallon of unleaded gasoline in San Francisco is -Select- the national average. This indicates that the cost of living in San Francisco is -Select- it would be for cities that have an average price close to the national average.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter1: Expressions And Functions
Section1.5: Descriptive Modeling And Accuracy
Problem 11PPS
Question
None
Data collected by a price reporting agency from more than 90,000 gasoline and convenience stores throughout the U.S. showed that the average price for a gallon of unleaded gasoline was $3.28. The following data show the price per gallon ($) for a
sample of 20 gasoline and convenience stores located in San Francisco.
3.79 3.39 4.59 3.76 3.35 3.51 3.65 3.80 3.95 3.56
3.77 3.79 3.35 3.79 3.95 3.46 3.83 3.53 3.41 3.77
(a) Use the sample data to estimate the mean price in dollars for a gallon of unleaded gasoline in San Francisco.
(b) Compute the sample standard deviation in dollars. (Round your answer to the nearest cent.)
(c) Compare the mean price per gallon for the sample data to the national average price. What conclusions can you draw about the cost of living in San Francisco?
The average price for a gallon of unleaded gasoline in San Francisco is -Select- the national average. This indicates that the cost of living in San Francisco is -Select- it would be for cities that have an average price close to the national
average.
Transcribed Image Text:Data collected by a price reporting agency from more than 90,000 gasoline and convenience stores throughout the U.S. showed that the average price for a gallon of unleaded gasoline was $3.28. The following data show the price per gallon ($) for a sample of 20 gasoline and convenience stores located in San Francisco. 3.79 3.39 4.59 3.76 3.35 3.51 3.65 3.80 3.95 3.56 3.77 3.79 3.35 3.79 3.95 3.46 3.83 3.53 3.41 3.77 (a) Use the sample data to estimate the mean price in dollars for a gallon of unleaded gasoline in San Francisco. (b) Compute the sample standard deviation in dollars. (Round your answer to the nearest cent.) (c) Compare the mean price per gallon for the sample data to the national average price. What conclusions can you draw about the cost of living in San Francisco? The average price for a gallon of unleaded gasoline in San Francisco is -Select- the national average. This indicates that the cost of living in San Francisco is -Select- it would be for cities that have an average price close to the national average.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Algebra: Structure And Method, Book 1
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Functions and Change: A Modeling Approach to Coll…
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning