A used car dealer says that the mean price of a 2018 Honda Pilot LX is at least $23,900. You suspect this claim is incorrect and find that a random sample of 14 similar vehicles has the following costs. Is there enough evidence to reject the dealer's claim at a = 0.05? Assume the population is normally distributed. Data for prices of 14 Honda Pilot LXs. S21,200 $22,700 $24,000 S21,500 S22,900 $24,100 $21,700 $23,200 $24,300 $22,000 $23,500 $24,700 $22,500 S23,700 Identify the claim. Then state the null and alternative hypotheses. Use the t– test. Sketch a graph. Interpret the decision in the context of the original claim.
A used car dealer says that the mean price of a 2018 Honda Pilot LX is at least $23,900. You suspect this claim is incorrect and find that a random sample of 14 similar vehicles has the following costs. Is there enough evidence to reject the dealer's claim at a = 0.05? Assume the population is normally distributed. Data for prices of 14 Honda Pilot LXs. S21,200 $22,700 $24,000 S21,500 S22,900 $24,100 $21,700 $23,200 $24,300 $22,000 $23,500 $24,700 $22,500 S23,700 Identify the claim. Then state the null and alternative hypotheses. Use the t– test. Sketch a graph. Interpret the decision in the context of the original claim.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
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Transcribed Image Text:A used car dealer says that the mean price of a 2018 Honda Pilot LX is at least
$23,900. You suspect this claim is incorrect and find that a random sample of 14
similar vehicles has the following costs. Is there enough evidence to reject the
dealer's claim at a = 0.05? Assume the population is normally distributed.
Data for prices of 14 Honda Pilot LXs.
$21,200
$22,700
S24,000
$21,500
$22,900
$24,100
$21,700
$23,200
S24,300
$22,000
$23,500
S24,700
$22,500
$23,700
Identify the claim. Then state the null and alternative hypotheses. Use the t- test.
Sketch a graph. Interpret the decision in the context of the original claim.
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