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The table below shows the price changes of fuel per litre year-on-year between August 2006 and August 2016.
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1.1.1
List the petrol prices from 2006 to 2016 and identify the frequency of each price.
The petrol prices are: R7.04, R7.01, R10.40, R7.69, R8.17, R10.40, R11.04, R13.55, R14.33, R13.26, R12.35.
R10.40 appears twice, while all other prices appear once.Determine the mode.
The mode is the value that appears most frequently.
The mode of the price of petrol is .1.1.2
List the diesel prices from 2006 to 2016 and identify the frequency of each price.
The diesel prices are: R6.54, R6.51, R11.27, R6.65, R7.38, R9.30, R10.25, R12.48, R11.80, R10.96, R12.35.
Each price appears only once.Determine the mode.
Since all values appear with the same frequency (once), there is no mode for the diesel prices.
The mode of the price of diesel is .1.1.3
Sum all the petrol prices.
Count the number of petrol prices.
There are 11 prices (from 2006 to 2016).
Calculate the mean (average) price.
Rounding to two decimal places for currency:
The mean price of petrol is .1.1.4
Calculate the reduction in petrol price between 2014 and 2015.
Petrol price in 2014 = R14.33
Petrol price in 2015 = R13.26Calculate the reduction in diesel price between 2014 and 2015.
Diesel price in 2014 = R11.80
Diesel price in 2015 = R10.96Compare the reductions.
Since R1.07 > R0.84, petrol showed a greater reduction.
.1.1.5
Determine the range of petrol prices.
Petrol prices: R7.04, R7.01, R10.40, R7.69, R8.17, R10.40, R11.04, R13.55, R14.33, R13.26, R12.35.
Minimum petrol price = R7.01
Maximum petrol price = R14.33Determine the range of diesel prices.
Diesel prices: R6.54, R6.51, R11.27, R6.65, R7.38, R9.30, R10.25, R12.48, R11.80, R10.96, R12.35.
Minimum diesel price = R6.51
Maximum diesel price = R12.48Calculate the difference between the ranges.
The difference between the ranges is .
1.1.6
Find the median of petrol prices.
Order the petrol prices: R7.01, R7.04, R7.69, R8.17, R10.40, R10.40, R11.04, R12.35, R13.26, R13.55, R14.33.
There are 11 prices, so the median is the value.
Median petrol price = R10.40.Find the median of diesel prices.
Order the diesel prices: R6.51, R6.54, R6.65, R7.38, R9.30, R10.25, R10.96, R11.27, R11.80, R12.35, R12.48.
There are 11 prices, so the median is the value.
Median diesel price = R10.25.Calculate the difference between the medians.
The difference between the medians is .
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