. It is claimed that sports-car owners drive on the average 18000 miles per year. A consumer firm believes that the average mileage is probably lower. To check, the consumer firm obtained information from 30 randomly selected sports-car owners that resulted in a sample mean of 17463 miles with a sample standard deviation of 1348 miles. a) What can we conclude about this claim? Use a = 0.001. b) What is the p-value?

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. It is claimed that sports-car owners drive on the average 18000 miles per year. A consumer firm
believes that the average mileage is probably lower. To check, the consumer firm obtained information
from 30 randomly selected sports-car owners that resulted in a sample mean of 17463 miles with a
sample standard deviation of 1348 miles.
a) What can we conclude about this claim? Use a = 0.001.
b) What is the p-value?
Transcribed Image Text:. It is claimed that sports-car owners drive on the average 18000 miles per year. A consumer firm believes that the average mileage is probably lower. To check, the consumer firm obtained information from 30 randomly selected sports-car owners that resulted in a sample mean of 17463 miles with a sample standard deviation of 1348 miles. a) What can we conclude about this claim? Use a = 0.001. b) What is the p-value?
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