a) Find the mean price in each city. Which city has the lowest mean? b) Find the standard deviation of prices in each city. c) Which city has the more consistently priced gasoline? Why?

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
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Chapter1: Combinatorial Analysis
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Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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  1. a) Find the mean price in each city. Which city has the lowest mean?
  2. b) Find the standard deviation of prices in each city.
  3. c) Which city has the more consistently priced gasoline? Why?

 

Tagum City
48.75
49.25
48.65
50.10
47.80
49.10
Digos City
50.10
48.90
47.95
48.99
48.25
49.85
Transcribed Image Text:Tagum City 48.75 49.25 48.65 50.10 47.80 49.10 Digos City 50.10 48.90 47.95 48.99 48.25 49.85
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