The average gasoline price of one of the major oil companies in Oman has been OMR 0.95 per gallon. The company is not interested in increasing or decreasing the current prices of gasoline. A random sample of 36 of their gas stations is selected and the average price is determined to be OMR 0.945 per gallon. Furthermore, assume that the population standard deviation is OMR O.024. Then at 5% significance level the null hypothesis that the average gasoline price of OMR O.95 is rejected. Select one: O True O False

MATLAB: An Introduction with Applications
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The average gasoline price of one of the major oil companies in Oman has
been OMR 0.95 per gallon. The company is not interested in increasing or
decreasing the current prices of gasoline. A random sample of 36 of their
gas stations is selected and the average price is determined to be OMR
0.945 per gallon. Furthermore, assume that the population standard
deviation is OMR O.024. Then at 5% significance level the null hypothesis
that the average gasoline price of OMR 0.95 is rejected.
Select one:
O True
O False
Transcribed Image Text:The average gasoline price of one of the major oil companies in Oman has been OMR 0.95 per gallon. The company is not interested in increasing or decreasing the current prices of gasoline. A random sample of 36 of their gas stations is selected and the average price is determined to be OMR 0.945 per gallon. Furthermore, assume that the population standard deviation is OMR O.024. Then at 5% significance level the null hypothesis that the average gasoline price of OMR 0.95 is rejected. Select one: O True O False
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