1. A car dealer claims that the average price of Honda Vios is at least 662,000.00. A client suspected that the claim is incorrect and found that random sample of 15 similar vehicles has the mean price of $640,000.00 and standard deviation of 24,000.00. Is there enough evidence to reject the dealer's claim at x = 0.05? From the given problem #1 discuss the following: 1. define and illustrate the nullI hypothesis, alternative hypothesis, level of significance. (Provide explanation) 2. identify the parameter to be tested. (Provide Explanation) 3. identify the appropriate form of test statistics. (Provide Explanation)
1. A car dealer claims that the average price of Honda Vios is at least 662,000.00. A client suspected that the claim is incorrect and found that random sample of 15 similar vehicles has the mean price of $640,000.00 and standard deviation of 24,000.00. Is there enough evidence to reject the dealer's claim at x = 0.05? From the given problem #1 discuss the following: 1. define and illustrate the nullI hypothesis, alternative hypothesis, level of significance. (Provide explanation) 2. identify the parameter to be tested. (Provide Explanation) 3. identify the appropriate form of test statistics. (Provide Explanation)
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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