price of a three-year-old sports utility vehicle is $20,000. You suspect this claim is incorrect and find that a random sample of 21 similar vehicles has a mean price of $20,509
price of a three-year-old sports utility vehicle is $20,000. You suspect this claim is incorrect and find that a random sample of 21 similar vehicles has a mean price of $20,509
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
22.
A used car dealer says that the mean price of a three-year-old sports utility vehicle is
normally distributed .
$20,000.
You suspect this claim is incorrect and find that a random sample of
21
similar vehicles has a mean price of
$20,509
and a standard deviation of
$1973.
Is there enough evidence to reject the claim at
α=0.10?
Complete parts (a) through (e) below. Assume the population is (a) Write the claim mathematically and identify
H0
and
Ha.
Which of the following correctly states
H0
and
Ha?
H0:
μ=$20,000
Ha:
μ≠$20,000
H0:
μ=$20,000
Ha:
μ>$20,000
H0:
μ≥$20,000
Ha:
μ<$20,000
H0:
μ>$20,000
Ha:
μ≤$20,000
H0:
μ≠$20,000
Ha:
μ=$20,000
H0:
μ=$20,000
Ha:
μ<$20,000
(b) Find the critical value(s) and identify the rejection region(s).
What is(are) the critical value(s),
t0?
t0=negative 1.725 comma 1.725−1.725,1.725
(Use a comma to separate answers as needed. Round to three decimal places as needed.)
Determine the rejection region(s). Select the correct choice below and fill in the answer box(es) within your choice.
(Round to three decimal places as needed.)
t<negative 1.725−1.725
and
t>1.7251.725
enter your response here<t<enter your response here
t<enter your response here
t>enter your response here
(c) Find the standardized test statistic t.
t=enter your response here
(Round to two decimal places as needed.)Expert Solution
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