A recent gasoline survey said that the national average gasoline price was $1.298 a gallon. It was felt that gasoline in Texas was significantly lower than the national average. A survey of 7 different suburbs in Dallas, Texas, found the average price of gasoline to be $1.192 a gallon with a standard deviation of $0.0436. What is the test value?
a. -4.38
b. -5.41
c. -6.19
d. -6.43
e. -7.59
f. -10.7
g. none of these
Standard Deviation Question.... %26amp; finding the test value?
hi,
test static t = x - mue / standard deviation * root n
x = $1.192 , mue = $1.298 , n = 7 , standard deviation = $0.0436
t = 1.192 - 1.298 / 0.0436 * root 7 =
- 6.43
option d .
if u still have any doubts or any problems to be solved contact me.
thankyou
Reply:d. -6.43
T-Test: t=-6.432331, p=0.0003337485
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