Explain your reasoning. 1. Since the pandemic the price of gasoline varies constantly from the last two months. However, you observed that local gas station charges higher price. You want to test your hypothesis that local gas stations are charging much more than the national average price for gasoline. What is your claim about this problem? What is the null hypothesis of this study? 2. You carry out a test of the hypothesis described in #1. If the results show that you cannot reject the null hypothesis, what conclusion can you generate based on your claim? 3. Explain why accepting the null hypothesis is not a possible outcome. 4. What type of correlation would you expect between wages and the unemployment rate?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.5: Correlation And Causation
Problem 15PPS
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REASONING

Explain your reasoning.
1. Since the pandemic the price of gasoline varies constantly from the last two months. However,
you observed that local gas station charges higher price. You want to test your hypothesis that
local gas stations are charging much more than the national average price for gasoline. What is
your claim about this problem? What is the null hypothesis of this study?
2. You carry out a test of the hypothesis described in #1. If the results show that you cannot reject
the null hypothesis, what conclusion can you generate based on your claim?
3. Explain why accepting the null hypothesis is not a possible outcome.
4. What type of correlation would you expect between wages and the unemployment rate?
Transcribed Image Text:Explain your reasoning. 1. Since the pandemic the price of gasoline varies constantly from the last two months. However, you observed that local gas station charges higher price. You want to test your hypothesis that local gas stations are charging much more than the national average price for gasoline. What is your claim about this problem? What is the null hypothesis of this study? 2. You carry out a test of the hypothesis described in #1. If the results show that you cannot reject the null hypothesis, what conclusion can you generate based on your claim? 3. Explain why accepting the null hypothesis is not a possible outcome. 4. What type of correlation would you expect between wages and the unemployment rate?
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