(See Solution) We are going to explore the price of regular, unleaded gasoline in the Milwaukee area. What is the population of interest? Find the gas prices


Question: (11 points) We are going to explore the price of regular, unleaded gasoline in the Milwaukee area.

  1. What is the population of interest?
  2. Find the gas prices of regular, unleaded gasoline at 45 gas stations in the Milwaukee area. You can do this using the suggested websites below or you can drive around and record prices. Note that these websites typically report results in terms of cheapest gas prices first. Please take this into consideration when generating your sample of 45 gas stations, which should theoretically be a random sample.
  • AAA: http://aaa.opisnet.com/index.aspx ( Click on the "Automotive" tab along the top. Then along the left hand side click on "Fuel Prices". On the next screen click on "Launch Finder" under the heading "Fuel Price Finder")
  • milwaukeegasprices.com or gasbuddy.com

In your Word/PDF/document please indicate the source of your gasoline prices (website used, did you drive around, how did you randomly select 45, etc.).

There is no need to upload your JMP file to D2L. However, your instructor/TA reserves the right to request you to provide this file, so please keep it saved.

  1. In JMP, construct a histogram of the regular unleaded prices of gasoline. Describe the distribution by giving its shape, center, and spread according to the histogram.
  2. Have JMP produce the following summary statistics:
    1. Mean
    2. Standard deviation
    3. Median
    4. The first quartile,
    5. The third quartile,

Price: $2.99
Solution: The downloadable solution consists of 5 pages
Deliverable: Word Document

log in to your account

Don't have a membership account?
REGISTER

reset password

Back to
log in

sign up

Back to
log in