A researcher wishes to see if the mean number of days that a basic, low price, small automobile sits on a dealer’s lot is 29. A sample of 39 automobile dealers has a mean of 32.31 days for basic, low price, small automobiles. At α=0.05, test the claim that the mean time is greater than 29 days. The standard deviation of the population is 4.26 days. What is the test value?
A researcher wishes to see if the mean number of days that a basic, low price, small automobile sits on a dealer’s lot is 29. A sample of 39 automobile dealers has a mean of 32.31 days for basic, low price, small automobiles. At α=0.05, test the claim that the mean time is greater than 29 days. The standard deviation of the population is 4.26 days. What is the test value?
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 researcher wishes to see if the mean number of days that a basic, low price, small automobile sits on a dealer’s lot is 29. A sample of 39 automobile dealers has a mean of 32.31 days for basic, low price, small automobiles. At α=0.05, test the claim that the mean time is greater than 29 days. The standard deviation of the population is 4.26 days. What is the test value?
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