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Gas Prices Analysis

Indicate the analytical approach and test stats that would be used to test your hypothesis on gas prices.

20 2.63
20 2.64
25 2.64
30 2.65
31 2.65
15 2.65
22 2.65 Column1 Column2
10 2.65
16 2.66 Mean 20.7 Mean 2.649
18 2.67 Standard Error 2.081932863 Standard Error 0.003480102
Median 20 Median 2.65
Mode 20 Mode 2.65
Standard Deviation 6.583649781 Standard Deviation 0.011005049
Sample Variance 43.34444444 Sample Variance 0.000121111
Kurtosis -0.414412982 Kurtosis 0.906850073
Skewness 0.216272998 Skewness 0.237589021
Range 21 Range 0.04
Minimum 10 Minimum 2.63
Maximum 31 Maximum 2.67
Sum 207 Sum 26.49
Count 10 Count 10

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Solution Summary

This solution analyzes the data and provides a recommendation on what analytical approach would be used to test a hypothesis on gas prices.

$2.19