Data collected by a price reporting agency from more than 90,000 gasoline and convenience stores throughout the U.S. showed that the average price for a liter of unlea gasoline was $0.87. The following data show the price per liter ($) for a sample of 20 gasoline and convenience stores located in San Francisco. 0.97 0.93 1.29 0.96 0.96 1.00 0.94 0.93 1.01 0.96 0.96 0.97 0.96 1.07 1.08 0,99 0.98 0.97 0.97 0.96 (a) Use the sample data to estimate the mean price in dollars for a liter of unleaded gasoline in San Francisco. (Round your answer to three decimal places.) %24 (b) Compute the sample standard deviation in dollars. (Round your answer to three decimal places.)

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Data collected by a price reporting agency from more than 90,000 gasoline and convenience stores throughout the U.S. showed that the average price for a liter of unlead
gasoline was $0.87. The following data show the price per liter ($) for a sample of 20 gasoline and convenience stores located in San Francisco.
0.97
0.93
1.29
0.96
0.96
1.00
0.94
0.93
1.01
0.96
0.96
0.97
0.96
1.07
1.08
0.99
0.98
0.97
0.97
0.96
(a) Use the sample data to estimate the mean price in dollars for a liter of unleaded gasoline in San Francisco. (Round your answer to three decimal places.)
(b) Compute the sample standard deviation in dollars. (Round your answer to three decimal places.)
%24
%24
Transcribed Image Text:Data collected by a price reporting agency from more than 90,000 gasoline and convenience stores throughout the U.S. showed that the average price for a liter of unlead gasoline was $0.87. The following data show the price per liter ($) for a sample of 20 gasoline and convenience stores located in San Francisco. 0.97 0.93 1.29 0.96 0.96 1.00 0.94 0.93 1.01 0.96 0.96 0.97 0.96 1.07 1.08 0.99 0.98 0.97 0.97 0.96 (a) Use the sample data to estimate the mean price in dollars for a liter of unleaded gasoline in San Francisco. (Round your answer to three decimal places.) (b) Compute the sample standard deviation in dollars. (Round your answer to three decimal places.) %24 %24
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