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Exercise 13.25 The price drivers pay for gasoline often varies a great deal acro

ID: 3386463 • Letter: E

Question

Exercise 13.25 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 m website, March 18, 2012) Click on the webfile logo to reference the data. file WEB Metropolitan Area Shell Marathon BP Akron, OH 3.77 3.83 3.78 3.83 Cincinnati, OH 3.72 3,87 Cleveland, OH 3.87 3.85 3.89 3.79 Columbus, OH 3.76 3,77 Ft Wayne, IN 3.83 3.84 3.87 Indianapolis, IN 3.85 3.84 3,87 Lansing, MI 3.93 4.04 3.99 Lexington, KY 3.79 3.78 3.79 Louisville, KY 3.78 3.84 3.79 Muncie, IN 3.81 3.84 3.83 Toledo, OH 3.83 3.86 3.69 Use a 05 to test for any significant difference in the mean price of gasoline for the three brands. Round SS to 6 decimals, MS to 7 decimals, F to 2 decimals and p to 3 decimals, if necessary Source DF SS MS Metropolitan Area Brand Error The p-value is Select your answer What is your conclusion? Select your answer

Explanation / Answer

Exercise 13.25 The price drivers pay for gasoline often varies a great deal acro

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