The following table lists a portion of the average price (in $) for a gallon of gas

Question:

The following table lists a portion of the average price (in $) for a gallon of gas for the 50 states and the District of Columbia as reported by AAA Gas Prices on January 2, 2019.

a. Find the mean and the median for gas price.

b. Calculate and interpret the first quartile and the third quartile for gas price.

c. Calculate the sample variance and the sample standard deviation

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Business Analytics Communicating With Numbers

ISBN: 9781260785005

1st Edition

Authors: Sanjiv Jaggia, Alison Kelly, Kevin Lertwachara, Leida Chen

See More Books

Question Posted: Feb 16, 2023 03:47 AM

See More Questions

The following table lists a portion of the average price (in $) for a gallon of gas for the 50 states and the District of Columbia as reported by AAA Gas Prices on January 2, 2019. a. Construct the...
The following table lists a portion of the average math SAT scores for each state for the year 2009. The entire data set, labeled Math_SAT, can be found on the text website. State .......... SAT...
The following table lists a portion of median house values (in $) for the 50 states as reported by the U.S. Census Bureau in 2010. a. Construct the frequency distribution and the histogram for the...
Prepare budgetary and proprietary journal entries to record the following year- end adjustments: 1. An accrual of $ 60,000 was made for salaries earned the last week of September, to be paid in...
A modern microscope is equipped with a turret that has three objectives with focal lengths of 16 mm, 4.0 mm, and 1.6 mm and interchangeable eyepieces of 5.0 x and 10x. A specimen is positioned such...
What happens to market-clearing, or equilibrium, interest rates in a capital market when the supply of funds declines? What happens when expected inflation increases or decreases?
Consider the statement Customer complaints are customer opportunitiesbut only if we know about them. Do you agree or disagree? Why?
Meyer Co. forecasts merchandise purchases of $ 15,800 in January, $ 18,600 in February, and $ 20,200 in March; 40% of purchases are paid in the month of purchase and 60% are paid in the following...
Adjustment for Uncollectible Accounts Below is the aging of receivables schedule for Evers Industries. Aging-of-Receivables Schedule November 30 Not 1-30 31-60 61-90 Over 90 Past Days Days Customer...
How could the government encourage companies to commercialize orphan drugs that treat or cure rare conditions but are not economically desirable If you were a member of congress would you support...
The accompanying table shows a portion of the annual expenditures (in $) for 100 Amazon Prime customers. a. Find the mean and the median of annual expenditures. b. Calculate and interpret the first...
The following table shows a portion of the monthly rent and square footage for 40 rentals in a large college town. a. Calculate the mean and the standard deviation for monthly rent. b. Calculate the...
In September, Polar Bay Wines had net revenue of $574.56 from the sale of 3216 new wine bottles less the refund paid for 1824 returned bottles. In October, net revenue was $944.88 from the sale of...
Which methods are there for analysis emerging technology?
Find the compound interest and future value. Round your answers to the nearest cent. {:[" Principal "," Rate "," Compounded "," Time "],[$119","000,4.29%," Weekly ",31" years "]:} The future value is...
Is the term (x+2) a factor of the polynomial shown below? f(x)=x-10x+27x-12
After inheriting some money, a woman wants to invest enough to have an annual income of $5,000. If she can invest $20,000 at 9% annual interest, how much more will she have to invest at 7% to achieve...
1.Calculate the present value (principal) and the compound interest (in $). Use Table 11-2. Round your answers to the nearest cent. a. Compound Amount Term of Investment Nominal Rate (%) Interest...
Express the oscillatory part of the solution of the following problem in the form of a sine function with a phase angle: * + 12x + 40x = 10 x(0) = x (0) = 0
Define the term utility software and give two examples.
Apply the wheel of retailing theory to your local community. What changes seem likely? Will established retailers see the need for change, or will entirely new firms have to develop?
What advantages does a retail chain have over a retailer who operates with a single store? Does a small retailer have any advantages in competing against a chain? Explain your answer.
Many producers are now seeking new opportunities in international markets. Are the opportunities for international expansion equally good for retailers? Explain your answer.
A company gets started in Year One and makes credit sales of $200,000 each year as well as cash collections of $150,000. In addition, $10,000 in bad accounts are written off each year. If 10 percent...
Briefly explain why when the marginal cost of an activity increases as one does more of it and why the marginal benefit of an activity decreases the more one engages in it.
Most economies today are "mixed economies," in which there is a both a public sector and a private sector. Explain the following justifications for government intervention in the economy: public...

The following table lists a portion of the average price (in $) for a gallon of gas

Question:

State Alaska Alabama ⠀ Wyoming Price 3.06 1.94 ⠀ 2.59

Step by Step Answer:

a mean 23122 median 218 b Q1 201 25 of the states h...View the full answer

Business Analytics Communicating With Numbers

Students also viewed these Business questions