Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Statistics


Home >> Statistics and Probability

Question: The Energy Information Administration (EIA) surveys the price of diesel fuel. The EIA-888 is a survey of diesel fuel outlet prices from truck stops and service stations across the country. It produces estimates of national and regional prices. The diesel fuel prices that are released are used by the trucking industry to make rate adjustments in hauling contracts. The file titled Diesel$ contains the average on-highway diesel prices for each of 53 weeks from September 27, 2004, to September 26, 2005.

a. Construct a histogram with 11 classes beginning at $1.85.

b. Are there any data points that are unusually larger than the rest of the data? In which classes do these points occur? What is the interpretation of this phenomenon?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92454087
  • Price:- $15

Priced at Now at $15, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

Question suppose we wanted to conduct a survey it is

Question: Suppose we wanted to conduct a survey. It is desired that we produce an interval estimate of the population mean that is ±5 from the true population mean with 99% confidence. Based on a historical planning valu ...

Determine the type of distribution for the following

Determine the type of distribution for the following situation: Draw marbles from a bag which contains 5 red marbles, 6 blue marbles and 4 green marbles with replacement until you get a blue marble. a)  Binomial b)  Pois ...

Question 1from a random sample of 58 businesses it is found

Question 1 From a random sample of 58 businesses, it is found that the mean time the owner spends on administrative issues each week is 21.69 with a standard deviation of 3.54. What is the 95% confidence interval for the ...

The following is a partial relative frequency distribution

The following is a partial relative frequency distribution of grades in an introductory statistics course. Grade     Relative Frequency A .22 B                       ? C                       .18 D                        ...

Find the probability and explain the results pleasethe

Find the probability and explain the results please. The population mean annual salary for environmental compliance specialists is about ?$60,500. A random sample of 33 specialists is drawn from this population. What is ...

What are the minimum first quartile median third quartile

What are the minimum, first quartile, median, third quartile, maximum, interquartile range, and range of the data set below? Make a box-and- whisker plot. 25, 25, 30, 35, 45, 45, 50, 55, 60, 60

In 2013 gallup conducted a poll and found a 95 confidence

In 2013, Gallup conducted a poll and found a 95% confidence interval of the proportion of Americans who believe it is the government's responsibility for health care. Give the statistical interpretation.

A confidence interval for a population mean is to be

A confidence interval for a population mean is to be estimated. The population standard deviation is guessed to be anywhere from 14 to 24. The half-width B desired could be anywhere from 2 to 7. Tabulate the minimum samp ...

What is the maximum that should be invested in a project at

What is the maximum that should be invested in a project at time zero if the inflows are estimated at $10,000 annually for three years, and the cost of capital is 9%?

Confidence intervals ci are one of the simpler forms of

Confidence intervals (CI) are one of the simpler forms of inferential statistics. What does the CI represent? And why does our knowledge of the Central Limit Theorem (CLT) and the empirical rule let us understand why the ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved