A report states that the cost of repairing a hybrid vehicle is falling even while typical repairs on conventional vehicles are getting more expensive. The most common hybrid repair, replacing the hybrid inverter assembly, had a mean repair cost of $3,927 in 2012. Industry experts suspect that the cost will continue to decrease given the increase in the number of technicians who have gained expertise on fixing gas-electric engines in recent months. Suppose a sample of 100 hybrid inverter assembly repairs completed in the last month was selected. The sample mean repair cost was $3,850 with the sample standard deviation of $300. Complete parts (a) and (b) below. a. Is there evidence that the population mean cost is less than $3,927? (Use a 0.10 level of significance.) State the null and alternative hypotheses. Họ: H vs H,: s (Type integers or decimals.) Find the test statistic for this hypothesis test. tSTAT = (Round to two decimal places as needed.) The critical value(s) for the test statistic is(are). (Round to two decimal places as needed. Use a comma to separate answers as needed.) Is there sufficient evidence to reject the null hypothesis using a = 0.10? O A. Reject the null hypothesis. There is sufficient evidence at the 0.10 level of significance that the population mean cost is less than $3,927. O B. Do not reject the null hypothesis. There is insufficient evidence at the 0.10 level of significance that the population mean cost is greater than $3,927. OC. Reject the null hypothesis. There is sufficient evidence at the 0.10 level of significance that the population mean cost is greater than $3,927. O D. Do not reject the null hypothesis. There is insufficient evidence at the 0.10 level of significance that the population mean cost is less than $3,927. b. Determine the p-value and interpret its meaning. The p-value isN. (Round to three decimal places as needed.)
A report states that the cost of repairing a hybrid vehicle is falling even while typical repairs on conventional vehicles are getting more expensive. The most common hybrid repair, replacing the hybrid inverter assembly, had a mean repair cost of $3,927 in 2012. Industry experts suspect that the cost will continue to decrease given the increase in the number of technicians who have gained expertise on fixing gas-electric engines in recent months. Suppose a sample of 100 hybrid inverter assembly repairs completed in the last month was selected. The sample mean repair cost was $3,850 with the sample standard deviation of $300. Complete parts (a) and (b) below. a. Is there evidence that the population mean cost is less than $3,927? (Use a 0.10 level of significance.) State the null and alternative hypotheses. Họ: H vs H,: s (Type integers or decimals.) Find the test statistic for this hypothesis test. tSTAT = (Round to two decimal places as needed.) The critical value(s) for the test statistic is(are). (Round to two decimal places as needed. Use a comma to separate answers as needed.) Is there sufficient evidence to reject the null hypothesis using a = 0.10? O A. Reject the null hypothesis. There is sufficient evidence at the 0.10 level of significance that the population mean cost is less than $3,927. O B. Do not reject the null hypothesis. There is insufficient evidence at the 0.10 level of significance that the population mean cost is greater than $3,927. OC. Reject the null hypothesis. There is sufficient evidence at the 0.10 level of significance that the population mean cost is greater than $3,927. O D. Do not reject the null hypothesis. There is insufficient evidence at the 0.10 level of significance that the population mean cost is less than $3,927. b. Determine the p-value and interpret its meaning. The p-value isN. (Round to three decimal places as needed.)
Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:HOUGHTON MIFFLIN HARCOURT
Chapter4: Writing Linear Equations
Section: Chapter Questions
Problem 14CR
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