In: Statistics and Probability
You may need to use the appropriate technology to answer this question.
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 11 metropolitan areas across the upper Midwest region.†
Metropolitan Area | Shell | BP | Marathon |
---|---|---|---|
Akron, Ohio | 3.77 | 3.83 | 3.78 |
Cincinnati, Ohio | 3.72 | 3.83 | 3.87 |
Cleveland, Ohio | 3.87 | 3.85 | 3.89 |
Columbus, Ohio | 3.76 | 3.77 | 3.79 |
Ft. Wayne, Indiana | 3.83 | 3.84 | 3.87 |
Indianapolis, Indiana | 3.85 | 3.84 | 3.87 |
Lansing, Michigan | 3.93 | 4.04 | 3.99 |
Lexington, Kentucky | 3.79 | 3.78 | 3.79 |
Louisville, Kentucky | 3.78 | 3.84 | 3.79 |
Muncie, Indiana | 3.81 | 3.84 | 3.83 |
Toledo, Ohio | 3.69 | 3.83 | 3.86 |
Use α = 0.05 to test for any significant difference in the mean price of gasoline for the three brands.
State the null and alternative hypotheses.
H0: μShell = μBP =
μMarathon
Ha: μShell ≠ μBP ≠
μMarathonH0: Not all the population
means are equal.
Ha: μShell = μBP =
μMarathon H0:
At least two of the population means are equal.
Ha: At least two of the population means are
different.H0: μShell ≠
μBP ≠ μMarathon
Ha: μShell = μBP =
μMarathonH0: μShell =
μBP = μMarathon
Ha: Not all the population means are equal.
Find the value of the test statistic. (Round your answer to two decimal places.)
Find the p-value. (Round your answer to three decimal places.)
p-value =
State your conclusion.
Reject H0. There is sufficient evidence to conclude that there is a significant difference in the mean price per gallon for regular gasoline among the three brands.
Do not reject H0. There is not sufficient evidence to conclude that there is a significant difference in the mean price per gallon for regular gasoline among the three brands.
Reject H0. There is not sufficient evidence to conclude that there is a significant difference in the mean price per gallon for regular gasoline among the three brands.
Do not reject H0. There is sufficient evidence to conclude that there is a significant difference in the mean price per gallon for regular gasoline among the three brands.
Solution:
State the null and alternative hypotheses.
Answer:
Not all the population means are equal.
We can use the excel ANOVA data analysis tool to find the answers to the given question. The excel output is given below:
Find the value of the test statistic. (Round your answer to two decimal places.)
Answer:
Find the p-value. (Round your answer to three decimal places.)
Answer:
State your conclusion.
Answer: Reject H0. There is sufficient evidence to conclude that there is a significant difference in the mean price per gallon for regular gasoline among the three brands.