Question

In: Statistics and Probability

You may need to use the appropriate technology to answer this question. The price drivers pay...

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.

Solutions

Expert Solution

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.


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