Discuss the below:
Q: The Minneapolis Star Tribune newspaper has decided to write an article about gasoline prices in the Twin Cities area (Minneapolis and St. Paul). The paper has designed a survey and taken a simple random sample of regular, unleaded gas prices at 35 area stations. The results are in the Area Gas Prices -Use this data to develop a 95% confidence interval for the average price of regular, unleaded gasoline in the area.
Area Gas Prices - Random Sample |
Station |
Minneapolis Price of Regular Unleaded |
Station |
St. Paul Price of Regular Unleaded |
1 |
$3.24 |
36 |
$3.05 |
2 |
$3.03 |
37 |
$2.89 |
3 |
$3.63 |
38 |
$3.84 |
4 |
$3.58 |
39 |
$3.50 |
5 |
$2.94 |
40 |
$2.78 |
6 |
$3.68 |
41 |
$3.51 |
7 |
$3.14 |
42 |
$3.33 |
8 |
$3.36 |
43 |
$3.31 |
9 |
$3.40 |
44 |
$3.20 |
10 |
$3.20 |
45 |
$3.15 |
11 |
$2.85 |
46 |
$2.75 |
12 |
$3.80 |
47 |
$3.79 |
13 |
$3.31 |
48 |
$3.10 |
14 |
$3.78 |
49 |
$3.92 |
15 |
$3.43 |
50 |
$3.31 |
16 |
$3.27 |
51 |
$3.45 |
17 |
$3.18 |
52 |
$3.17 |
18 |
$3.48 |
53 |
$3.44 |
19 |
$3.00 |
54 |
$2.93 |
20 |
$3.36 |
55 |
$3.21 |
21 |
$3.52 |
56 |
$3.37 |
22 |
$3.26 |
57 |
$3.08 |
23 |
$3.04 |
58 |
$3.04 |
24 |
$3.17 |
59 |
$3.24 |
25 |
$3.26 |
60 |
$3.17 |
26 |
$3.27 |
61 |
$3.36 |
27 |
$3.30 |
62 |
$3.25 |
28 |
$3.51 |
63 |
$3.62 |
29 |
$3.80 |
64 |
$3.88 |
30 |
$3.05 |
65 |
$3.02 |
31 |
$3.56 |
66 |
$3.68 |
32 |
$3.53 |
67 |
$3.29 |
33 |
$2.96 |
68 |
$2.81 |
34 |
$3.57 |
69 |
$3.43 |
35 |
$3.58 |
70 |
$3.44 |