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
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
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F43376af4-f97a-4ada-a0c5-f3c38584d133%2F44f7c65d-1e15-4b86-8439-59b0f0208ea9%2Fzcx2hsm_processed.jpeg&w=3840&q=75)
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
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 4 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![MATLAB: An Introduction with Applications](https://www.bartleby.com/isbn_cover_images/9781119256830/9781119256830_smallCoverImage.gif)
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
![Probability and Statistics for Engineering and th…](https://www.bartleby.com/isbn_cover_images/9781305251809/9781305251809_smallCoverImage.gif)
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
![Statistics for The Behavioral Sciences (MindTap C…](https://www.bartleby.com/isbn_cover_images/9781305504912/9781305504912_smallCoverImage.gif)
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
![MATLAB: An Introduction with Applications](https://www.bartleby.com/isbn_cover_images/9781119256830/9781119256830_smallCoverImage.gif)
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
![Probability and Statistics for Engineering and th…](https://www.bartleby.com/isbn_cover_images/9781305251809/9781305251809_smallCoverImage.gif)
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
![Statistics for The Behavioral Sciences (MindTap C…](https://www.bartleby.com/isbn_cover_images/9781305504912/9781305504912_smallCoverImage.gif)
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
![Elementary Statistics: Picturing the World (7th E…](https://www.bartleby.com/isbn_cover_images/9780134683416/9780134683416_smallCoverImage.gif)
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
![The Basic Practice of Statistics](https://www.bartleby.com/isbn_cover_images/9781319042578/9781319042578_smallCoverImage.gif)
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
![Introduction to the Practice of Statistics](https://www.bartleby.com/isbn_cover_images/9781319013387/9781319013387_smallCoverImage.gif)
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman