Determine the rejection region(s). Select the correct choice below and fill in the answer box(es) within your choice.(Round to three decimal places as needed.)A.O C. t<D. t<and t>(e) Interpret the decision in the context of the original claim.O A. At the 1% level of significance, there is sufficient evidence to reject the claim that the mean price is $20,000.B. At the 1% level of significance, there is not sufficient evidence to reject the claim that the mean price is $20,000.C. At the 1% level of significance, there is sufficient evidence to reject the claim that the mean price is not $20,000.D. At the 1% level of significance, there is not sufficient evidence to reject the claim that the mean price is not $20,000. A used car dealer says that the mean price of a three-year-old sports utility vehicle is $20,000. You suspect this claim is incorrect and find that a random sample of 24 similar vehicles has a mearprice of $20,847 and a standard deviation of $1991. Is there enough evidence to reject the claim at a = 0.01? Complete parts (a) through (e) below. Assume the population is normally distributedStudent's t-Distribution Table(a) Write the claim mathematically and identify Ho and HaWhich of the following correctly states Ho and H₂?O A. Ho: μ = $20,000Ha:μ>$20,000D. Ho: μ = $20,000Ha: μ< $20,000(b) Find the critical value(s) and identify the rejection region(s).What is (are) the critical value(s), to?to =(Use a comma to separate answers as needed. Round to three decimal places as needed.)t<O B. Ho: μ# $20,000Ha: μ = $20,000Determine the rejection region(s). Select the correct choice below and fill in the answer box(es) within your choice.(Round to three decimal places as needed.)A.D. t<and t>C. Ho: μ = $20,000Ha: μ# $20,000OF. Ho: μ> $20,000Ha: μ≤ $20,000

Mean(x)=20847 standard deviation(s)=1991 sample size(n)=24 significance level(α)=0.01 claim is that…

Answered: A used car dealer says that the mean…

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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