Answer:
Option: B is the correct answer.
B. $ 3.89
Step-by-step explanation:
The price of a gallon of gas at five gas stations is given by:
$3.64, $3.79, $3.70, $4.01, and $3.91
The mean of these data values is given by:
[tex]Mean=\dfrac{3.64+3.79+3.70+4.01+3.91}{5}\\\\\\Mean=\dfrac{19.05}{5}\\\\\\Mean=3.81[/tex]
We know that if each of the quantity of the data set is increased by a fixed amount then the mean of the data set also increases by that fixed amount.
As we are given that each gas station raised its price by $0.08.
This means that the mean is also increased by $ 0.08
i.e. Today's mean price of a gallon of gas at the five station is given by:
[tex]Mean=3.81+0.08\\\\\\Mean=3.89[/tex]
Hence today's mean is:
$ 3.89
