8- A research wishes to see if the mean of days that a basic,low-price,small automobile sits on a dealers lot is 29.A sample of 30 automobile dealers has a mean of 30.1 days for basic ,low-price, small automobiles. At Alpha 0.05, test the claim that the mean time is greater than 29 days. The standard deviation of the population is 3.8 days. Traditional Method? (a)Identify the null and alternative hypotheses for this test. (a) What is the C.V number? (b) Identify the test statistic for this hypothesis test (c) Decision. Accept or reject. Use bell curve

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8- A research wishes to see if the mean of days that a basic,low-price,small automobile sits on a
dealers lot is 29.A sample of 30 automobile dealers has a mean of 30.1 days for basic,low-price,
small automobiles. At Alpha 0.05, test the claim that the mean time is greater than 29 days. The
standard deviation of the population is 3.8 days. Traditional Method?
(a)Identify the null and alternative hypotheses for this test.
(a) What is the C.V number?
(b) Identify the test statistic for this hypothesis test
(c) Decision. Accept or reject. Use bell curve
Transcribed Image Text:8- A research wishes to see if the mean of days that a basic,low-price,small automobile sits on a dealers lot is 29.A sample of 30 automobile dealers has a mean of 30.1 days for basic,low-price, small automobiles. At Alpha 0.05, test the claim that the mean time is greater than 29 days. The standard deviation of the population is 3.8 days. Traditional Method? (a)Identify the null and alternative hypotheses for this test. (a) What is the C.V number? (b) Identify the test statistic for this hypothesis test (c) Decision. Accept or reject. Use bell curve
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