Question

The accompanying table shows the average price for a gallon of gas for the 50 states during April 2012.

State Price per
Gallon
Alaska 4.36
Alabama 3.79
Arkansas 3.76
Arizona 3.87
California 4.22
Colorado 3.89
Connecticut 4.17
Delaware 3.89
Florida 3.94
Georgia 3.83
Hawaii 4.61
Iowa 3.75
Idaho 3.77
Illinois 4.06
Indiana 3.95
Kansas 3.71
Kentucky 3.92
Louisiana 3.80
Massachusetts 3.91
Maryland 3.96
Maine 4.00
Michigan 3.93
Minnesota 3.72
Missouri 3.67
Mississippi 3.78
Montana 3.77
North Carolina 3.89
North Dakota 3.84
Nebraska 3.84
New Hampshire 3.87
New Jersey 3.80
New Mexico 3.79
Nevada 3.96
New York 4.15
Ohio 3.79
Oklahoma 3.68
Oregon 4.08
Pennsylvania 3.97
Rhode Island 3.98
South Carolina 3.72
South Dakota 3.82
Tennessee 3.77
Texas 3.81
Utah 3.71
Virginia 3.89
Vermont 3.99
Washington 4.13
Wisconsin 3.84
West Virginia 3.94
Wyoming 3.63
a. Select a box plot for the gasoline price.
Box Plot A Box Plot B Box Plot C
Boxplot of Gasoline price 4.75 - 4.50 4.25 4,0。 苒 3.75 3.50 Picture Picture
Box Plot A Box Plot B Box Plot C
b.

Use z-scores to determine if there are any outliers in the gasoline price. (Round your answers to 2 decimal places. Negative values should be indicated by a minus sign.)

  The z-score for the smallest observation   
  The z-score for the largest observation        
  There are (Click to select)outliersno outliers in the data.
0 0
Add a comment Improve this question Transcribed image text
Answer #1

(a) Using the data and drawing the boxplot, it is observed that Boxplot B is the correct answer.

(b) Z-score is computed using the formula: (value - mean)/standard deviation = Z-score.
Z-score for smallest observation = - 1.48
Z-score for largest observation = 3.92
There are outliers in the data since the Z-score for the largest observation exceeded 3 by a large margin.

Add a comment
Know the answer?
Add Answer to:
The accompanying table shows the average price for a gallon of gas for the 50 states...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • The price drivers pay for gasoline often varies a great deal across regions throughout the United...

    The price drivers pay for gasoline often varies a great deal across regions throughout the United States. The following data show the price per gallon for regular gasoline for a random sample of gasoline service stations for three major brands of gasoline (Shell, BP, and Marathon) located in 11 metropolitan areas across the upper Midwest region.† Metropolitan Area Shell BP Marathon Akron, Ohio 3.77 3.83 3.78 Cincinnati, Ohio 3.72 3.83 3.87 Cleveland, Ohio 3.87 3.85 3.89 Columbus, Ohio 3.76 3.77...

  • The price drivers pay for gasoline often varies a great deal across regions throughout the United...

    The price drivers pay for gasoline often varies a great deal across regions throughout the United States. The following data show the price per gallon for regular gasoline for a random sample of gasoline service stations for three major brands of gasoline (Shell, BP, and Marathon) located in eleven metropolitan areas across the upper Midwest region (OhioGasPrices.com website, March 18, 2012) Click on the datafile logo to reference the data. DATA file Metropolitan Area Akron, Ohio Cincinnati, Ohio Cleveland, Ohio...

  • The price drivers pay for gasoline often varies a great deal across regions throughout the United...

    The price drivers pay for gasoline often varies a great deal across regions throughout the United States. The following data show the price per gallon for regular gasoline for a random sample of gasoline service stations for three major brands of gasoline (Shell, BP and Marathon) located in 11 metropolitan areas across the upper Midwest region.T Metropolitan Area She BP Marathon Akron, Ohio Cincinnati, Ohio Cleveland, Ohio Columbus, Ohio Ft. Wayne, Indiana Indianapolis, India 3.85 3.84 Lansing, Michigan Lexington, Kentucky...

  • Listed below is the median household income for the 50 states and the District of Columbia....

    Listed below is the median household income for the 50 states and the District of Columbia. State, Amount Alabama 42278 Alaska 67629 Arizona 49254 Arkansas 44922 California 60487 Colorado 60940 Connecticut 70161 Delaware 57522 DC 68277 Florida 46140 Georgia 49555 Hawaii 71223 Idaho 53438 Illinois 54916 Indiana 48060 Iowa 57810 Kansas 53444 Kentucky 42786 Louisiana 42406 Maine 51710 Maryland 76165 Massachusetts 63151 Michigan 52005 Minnesota 67244 Mississippi 35521 Missouri 56630 Montana 51102 Nebraska 56870 Nevada 49875 New Hampshire 73397 New...

  • Refer to Table 6-6. a. On May 23, 2016, what were the coupon rate, price, and...

    Refer to Table 6-6. a. On May 23, 2016, what were the coupon rate, price, and yield on municipal bonds issued by the Colorado Hith Facs Auth rev bds Ser 13 A maturing on January 1, 2044? b. What was the yield to maturity, on May 23, 2016, on San Antonio Pub Facs Corp TX impro & ref maturing on September 15, 2042? (For all requirements, round your answers to 2 decimal places. (e.g. 32.16)) a Colorado Hith Facs Auth...

  • Refer to Table 6-6. a. On May 23, 2016, what were the coupon rate, price, and...

    Refer to Table 6-6. a. On May 23, 2016, what were the coupon rate, price, and yield on municipal bonds issued by the California State) various purpose GO bo maturing on April 1, 2042? b. What was the yield to maturity, on May 23, 2016, on Missouri St Hith & Ed hospital rev Ser 2 maturing on November 15, 2042? (For all requirements, round your answers to 2 decimal places. (0.., 32.16)) a California State) various purpose GO bo Coupon...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT