Test hypothesis that average price of gasoline is higher


The average price of regular gasoline in the continental US states and the District of Columbia was $3.74 on August 18, 2008. Alaska and Hawaii are not included as the gas prices there are much higher than the continental US. The price of gasoline in the eleven western states of the U.S. on the same day is given below. Test the hypothesis that the average price of gasoline in the western states is higher than the national average for Continental USA and the District of Columbia, i.e., higher than $3.74. Use level of significance a = 0.05.

California $4.04
Arizona $3.72
Colorado $3.83
Idaho $4.01
Montana $3.97
Nevada $3.84
New Mexico $3.77
Oregon $3.92
Utah $4.04
Washington $3.99
Wyoming $3.90

Request for Solution File

Ask an Expert for Answer!!
Basic Statistics: Test hypothesis that average price of gasoline is higher
Reference No:- TGS0107176

Expected delivery within 24 Hours