You Want to Determine If the Average Gas Price in Your

question 24

Multiple Choice

You want to determine if the average gas price in your city has exceeded $1.30 per litre for regular unleaded gasoline.You take a random sample of prices from 8 gas stations ,recording the following prices: $1.33,$1.30,$1.05,$1.29,$1.37,$1.32,$1.30,$1.31.Have the conditions and assumptions for inference been met?

• A)No,the nearly normal condition is not met.
• B)No,the sample is not random.
• C)No,the sample is not representative.
• D)Yes,all conditions and assumptions have been met.
• E)No,the sample is more than 10% of the population.

Understand the impact of price changes on consumer expenditure.

Evaluate the assumptions behind price elasticity predictions, particularly in terms of higher education demand.

Understand the impact of different goal types on task performance.

Comprehend the principles of expectancy theory and its application to goal setting.

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