A used car dealer says that the mean price of a three-year-old sports utility vehicle is $21,000. You suspect this claim is incorrect and find that a random sample of 22 similar vehicles has a mean price of $21,753 and a standard deviation of $1920. Is there enough evidence to reject the claim at α=0.05? find standardized test stat, p value, critical values
A used car dealer says that the mean price of a three-year-old sports utility vehicle is $21,000. You suspect this claim is incorrect and find that a random sample of 22 similar vehicles has a mean price of $21,753 and a standard deviation of $1920. Is there enough evidence to reject the claim at α=0.05? find standardized test stat, p value, critical values
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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7.13.19
A used car dealer says that the mean price of a three-year-old sports utility vehicle is
$21,000.
You suspect this claim is incorrect and find that a random sample of
22
similar vehicles has a mean price of
$21,753
and a standard deviation of
$1920.
Is there enough evidence to reject the claim at
α=0.05?
find standardized test stat, p value, critical values
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