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You have been given data about gas prices in 15 states. Comparing the two data sets below, what does the larger mean and median say about gas prices in 2022 compared to gas prices in 2018?

Gas Prices in 2018 Gas Prices in 2022
Max: $2.42

Min: $2.03

Mean: $2.098

Median: $2.06

Mode: $2.04

Variance: 0.0121

Standard Deviation: $0.11

Max: $5.87

Min: $4.48

Mean: $4.83

Median: $4.72

Mode: $4.72

Variance: 0.0142

Standard Deviation: $0.38

Sagot :

Comparing the two data sets shown below

What is standard deviation and variance?

Variance is the average squared deviations from the mean, while standard deviation is the square root of this number.

Both the mean and the median can be used to describe where the “center” of a dataset is located.

So, the mean of data in 2022 is more than mean of data in 2018.

It’s best to use the mean when the distribution of the data values is symmetrical and there are no clear outliers.

As the variance of 2022 more than in variance in 2018.

A high variance indicates that the data points are very spread out from the mean, and from one another.

As the standard deviation of 2022 more than in standard deviation in 2018.

The high standard deviation indicates data are more spread out.

The bigger the range, the more spread out the data.

Learn more about standard deviation, variance here:

https://brainly.com/question/17084031

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