5. A car dealer who sells only late-model luxury cars recently hired a belleves that this salesperson Isselling at lower markups. He knows tha markup in his lot is $5,600. He takes a random sample of 16of the ne and finds an average markup of $5,000 and a standard deviation of $80 are normally distributed. What is the value of an appropriate test stat to use to test his claim? A. tis =-3.00 B. z = -3.00 C. tis =-0.75 D. z=-0.75 %3D

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A car dealer who sells only late-model luxury cars recently hired a new salesperson and
believes that this salesperson Isselling at lower markups. He knows that the long-run average
markup in his lot is $5,600. He takes a random sample of 16of the new salesperson's sales
and finds an average markup of $5,000 and a standard devlation of $800. Assume themarkups
are normally distributed. What is the value of an appropriate test statistic for the car dealer
to use to test his claim?
A. tis =-3.00
B. Z=-3.00
C. tis =-0.75
D. z=-0,75
If the p-value for a hypothesis test is 0,027 and the chosen level of significance is a = 0,05,
then the correct condusion is to
A, reject the null hypothesis
B. not reject the null hypothesis
C. reject the null hypothesis if o = 10
D, not reject the null hypothesis if o = 10
6.
7.
A television network is deciding whether or not to give its newest television show a spot during
prime viewing time at night, If this is to happen, it will have to move one of its most viewed
2.
5.
Transcribed Image Text:A car dealer who sells only late-model luxury cars recently hired a new salesperson and believes that this salesperson Isselling at lower markups. He knows that the long-run average markup in his lot is $5,600. He takes a random sample of 16of the new salesperson's sales and finds an average markup of $5,000 and a standard devlation of $800. Assume themarkups are normally distributed. What is the value of an appropriate test statistic for the car dealer to use to test his claim? A. tis =-3.00 B. Z=-3.00 C. tis =-0.75 D. z=-0,75 If the p-value for a hypothesis test is 0,027 and the chosen level of significance is a = 0,05, then the correct condusion is to A, reject the null hypothesis B. not reject the null hypothesis C. reject the null hypothesis if o = 10 D, not reject the null hypothesis if o = 10 6. 7. A television network is deciding whether or not to give its newest television show a spot during prime viewing time at night, If this is to happen, it will have to move one of its most viewed 2. 5.
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