Get comprehensive answers to your questions with the help of IDNLearn.com's community. Discover reliable and timely information on any topic from our network of knowledgeable professionals.
The typical average price of gasoline should be $2.81 and not $2.69 because $2.69 is not the average of the sampled prices.
We are given the prices of a gallon of gasoline from 5 gas stations surveyed as; $2.79, $2.99, $2.69, $2.89, and $2.69.
Thus, to calculate the mean, we will use the formula;
Mean = ∑x/n
Mean = (2.79 + 2.99 + 2.69 + 2.89 + 2.69)/5
Mean = 14.05/5
Mean = $2.81
Thus, the typical average price of gasoline should be $2.81 and not $2.69
Read more about average mean at; https://brainly.com/question/20118982
#SPJ1