A car dealer claims that the average price of 2012 Ford Taurus is more than $9000. The population standard deviation of 2012 Ford Taurus car price is $450. You suspect the dealer’s claim and took a sample of 33 cars and found the average car price to be $9100. Test the dealer’s claim at 1% level of significance by both the
A car dealer claims that the average price of 2012 Ford Taurus is more than $9000. The population standard deviation of 2012 Ford Taurus car price is $450. You suspect the dealer’s claim and took a sample of 33 cars and found the average car price to be $9100. Test the dealer’s claim at 1% level of significance by both the
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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A car dealer claims that the average price of 2012 Ford Taurus is more than $9000. The
population standard deviation of 2012 Ford Taurus car price is $450. You suspect the dealer’s
claim and took a sample of 33 cars and found the average car price to be $9100. Test the
dealer’s claim at 1% level of significance by both the critical value approach and the p-value
approach.
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