SOLUTION: Please help 68. The American Automobile Association checks the prices of gasoline before many holiday weekends. Listed below are the self-service prices for a sample of 15 retai

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Question 134146: Please help
68. The American Automobile Association checks the prices of gasoline before many holiday weekends. Listed below are the self-service prices for a sample of 15 retail outlets during the May 2003 Memorial Day weekend in the Detroit, Michigan, area.
1.44
1.42
1.35
1.39
1.49
1.49
1.41
1.46

1.41
1.49
1.45
1.48
1.39
1.46
1.44






70. A recent article suggested that if you earn $25,000 a year today and the inflation rate continues at 3 percent per year, you'll need to make $33,598 in 10 years to have the same buying power. You would need to make $44,771 if the inflation rate jumped to 6 percent. Confirm that these statements are accurate by finding the geometric mean rate of increase.




72. The weights (in pounds) of a sample of five boxes being sent by UPS are: 12, 6, 7, 3, and 10.
a. Compute the range.
b. Compute the mean deviation.
c. Compute the standard deviation.

Answer by stanbon(75887)   (Show Source): You can put this solution on YOUR website!
Are you still looking for a response on these questions?
Cheers,
Stan H.

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