Question

AAA reported that the average price of regular gasoline is Pennsylvania during Memorial Day weekend in 2010 was

2.73 2.74 2.7 12.51 2.61 2.58 2.64 2.58
Your report should include the following sections:
Title page
Introduction and problem background
Data description
Calculate the mean - show your calculations. Give an explanation as to what this means in relation to this problem.

Answer 1

The mean price of regular gasoline in Pennsylvania during Memorial Day weekend in 2010 is $3.89. The mean represents the average price of regular gasoline during that time period.

Step-by-step explanation:

The average price of regular gasoline in Pennsylvania during Memorial Day weekend in 2010 can be calculated by finding the mean of the given prices. The prices are: 2.73, 2.74, 2.7, 12.51, 2.61, 2.58, 2.64, 2.58.

1. Add up all the prices: 2.73 + 2.74 + 2.7 + 12.51 + 2.61 + 2.58 + 2.64 + 2.58 = 31.09.
2. Divide the sum by the number of prices: 31.09 ÷ 8 = 3.88625.

The mean price of regular gasoline in Pennsylvania during Memorial Day weekend in 2010 is $3.89.

In relation to this problem, the mean represents the average price of regular gasoline during Memorial Day weekend in Pennsylvania in 2010. It gives us a measure of central tendency, indicating the typical price of gas during that time period.