You may need to use the appropriate technology to answer this question.Suppose the mean price for used cars is $10,198. A manager of a Kansas City used car dealership reviewed a sample of 50 recent used car sales at the dealership in an attempt to determine whether the population mean price for used cars at this particular dealership differed from the national mean. The prices for the sample of 50 cars are shown in the file named UsedCars.12,40010,40012,10010,00011,0008,8957,6759,9756,35010,4709,89511,2508,79512,5009,34010,1509,2009,39511,00010,64010,0007,5008,00010,44010,20010,3009,7409,28010,9308,0009,0007,6809,40010,7307,35012,24011,9708,2409,91010,0809,4408,9709,50010,05010,13011,4008,5007,5009,09010,500(a)Formulate the hypotheses that can be used to determine whether a difference exists in the mean price for used cars at the dealership.H0: μ ≤ 10,198Ha: μ > 10,198H0: μ = 10,198Ha: μ ≠ 10,198 H0: μ ≥ 10,198Ha: μ < 10,198H0: μ > 10,198Ha: μ ≤ 10,198H0: μ < 10,198Ha: μ ≥ 10,198(b)What is the test statistic? (Round your answer to three decimal places.) What is the p-value? (Round your answer to four decimal places.)p-value =

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Description: You may need to use the appropriate technology to answer this question.Suppose the mean price for used cars is $10,198. A manager of a Kansas City used car dealership reviewed a sample of 50 recent used car sales at the dealership in an attempt to de

Given the data of a sample of 50 recent used car sale price…

Answered: Suppose the mean price for used cars is…

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter10: Statistics

Section10.4: Distributions Of Data

Problem 19PFA

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Suppose the mean price for used cars is $10,198. A manager of a Kansas City used car dealership reviewed a sample of 50 recent used car sales at the dealership in an attempt to determine whether the population mean price for used cars at this particular dealership differed from the national mean. The prices for the sample of 50 cars are shown in the file named UsedCars.

12,400	10,400	12,100	10,000	11,000	8,895	7,675	9,975	6,350	10,470
9,895	11,250	8,795	12,500	9,340	10,150	9,200	9,395	11,000	10,640
10,000	7,500	8,000	10,440	10,200	10,300	9,740	9,280	10,930	8,000
9,000	7,680	9,400	10,730	7,350	12,240	11,970	8,240	9,910	10,080
9,440	8,970	9,500	10,050	10,130	11,400	8,500	7,500	9,090	10,500

(a)

Formulate the hypotheses that can be used to determine whether a difference exists in the mean price for used cars at the dealership.

H₀: μ ≤ 10,198

H_a: μ > 10,198

H₀: μ = 10,198

H_a: μ ≠ 10,198

H₀: μ ≥ 10,198

H_a: μ < 10,198

H₀: μ > 10,198

H_a: μ ≤ 10,198

H₀: μ < 10,198

H_a: μ ≥ 10,198

(b)

What is the test statistic? (Round your answer to three decimal places.)

What is the p-value? (Round your answer to four decimal places.)

p-value =

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