oy's Texaco wants to keep the price of its unleaded gasoline competitive with that of other stations in the area. Roy's is currently charging $1.29 per gallon. To check that the average price for this gasoline for all stations within 12-mile radius is higher than his price, Roy randomly samples the price of unleaded gasoline at ten stations located in this area. He obtains the following data for the price per gallon (in dollars): 1.7, 1.5, 2.6, 2.2, 2.4, 2.3, 2.6, 3.0, 1.4, 2.3 Set up appropriate hypotheses and test them using a significant level of .01.
oy's Texaco wants to keep the price of its unleaded gasoline competitive with that of other stations in the area. Roy's is currently charging $1.29 per gallon. To check that the average price for this gasoline for all stations within 12-mile radius is higher than his price, Roy randomly samples the price of unleaded gasoline at ten stations located in this area. He obtains the following data for the price per gallon (in dollars): 1.7, 1.5, 2.6, 2.2, 2.4, 2.3, 2.6, 3.0, 1.4, 2.3 Set up appropriate hypotheses and test them using a significant level of .01.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.1: Measures Of Center
Problem 3CYU
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Roy's Texaco wants to keep the price of its unleaded gasoline competitive with that of other stations in the area. Roy's is currently charging $1.29 per gallon. To check that the average price for this gasoline for all stations within 12-mile radius is higher than his price, Roy randomly samples the price of unleaded gasoline at ten stations located in this area. He obtains the following data for the price per gallon (in dollars):
1.7, 1.5, 2.6, 2.2, 2.4, 2.3, 2.6, 3.0, 1.4, 2.3
Set up appropriate hypotheses and test them using a significant level of .01.
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