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How much do gasoline prices vary in a large city

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Reference no: EM131764125

Question: The economy

(a) Each month, the Current Population Survey interviews a random sample of individuals in about 60,000 U.S. households. One of their goals is to estimate the national unemployment rate. In October 2012, 7.9% of those interviewed were unemployed.

(b) How much do gasoline prices vary in a large city? To find out, a reporter records the price per gallon of regular unleaded gasoline at a random sample of 10 gas stations in the city on the same day. The range (maximum - minimum) of the prices in the sample is 25 cents.

Reference no: EM131764125

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