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A Sample of Five Full Service Gasoline Stations, Each Carrying

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A sample of five full service gasoline stations, each carrying three grades of gasoline, was taken and the price per liter (to the nearest cent) was recorded for each grade of gasoline, as shown in the table below. A sample of five full service gasoline stations, each carrying three grades of gasoline, was taken and the price per liter (to the nearest cent) was recorded for each grade of gasoline, as shown in the table below.   What is the mean price of Super Unleaded gas? _______. What is the mean price of Super Unleaded gas? _______.


Definitions:

Present Value

The value today of a future sum of money or sequence of cash flows, when discounted by a certain rate of return.

Float

The total number of shares of a company that are available for trading by the public.

Checks

Financial instruments that order a bank to pay a specific amount of money from the writer's bank account to the person or entity in whose name the check has been issued.

Bank

A financial institution licensed to receive deposits, offer loans, and provide other financial services to its customers.

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