During the past year, the daily price of gasoline per gallon at four local gas stations has

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During the past year, the daily price of gasoline per gallon at four local gas stations has been approximately normally distributed. The four gasoline stations’ yearly data and current selling prices are listed below:

A citizen’s advocate accuses one of the stations of current price gouging (charging an unreasonably high price). Based on current selling prices, which station appears to be price gouging, relative to its annual mean price?

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Statistics Alive

ISBN: 9781544328263

3rd Edition

Authors: Wendy J. Steinberg, Matthew Price

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