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(c) Find the standardized test statistic t. ..... t= 1.70 (Round to two decimal places as needed.) (d) Decide whether to reject or fail to reject the null hypothesis. O A. Fail to reject Ho because the test statistic is in the rejection region(s). O B. Reject H, because the test statistic is not in the rejection region(s). O C. Fail to reject Ho because the test statistic is not in the rejection region(s). O D. Reject H, because the test statistic is in the rejection region(s). (e) Interpret the decision in the context of the original claim. O A. At the 1% level of significance, there is not sufficient evidence to reject the claim that the mean price is not $23,000. B. At the 1% level of significance, there is sufficient evidence to reject the claim that the mean price is $23,000 C. At the 1% level of significance, there is not sufficient evidence to reject the claim that the mean price is $23,000. D. At the 1% level of significance, there is sufficient evidence to reject the claim that the mean price is not $23,000.

(c) Find the standardized test statistic t. ..... t= 1.70 (Round to two decimal places as needed.) (d) Decide whether to reject or fail to reject the null hypothesis. O A. Fail to reject Ho because the test statistic is in the rejection region(s). O B. Reject H, because the test statistic is not in the rejection region(s). O C. Fail to reject Ho because the test statistic is not in the rejection region(s). O D. Reject H, because the test statistic is in the rejection region(s). (e) Interpret the decision in the context of the original claim. O A. At the 1% level of significance, there is not sufficient evidence to reject the claim that the mean price is not $23,000. B. At the 1% level of significance, there is sufficient evidence to reject the claim that the mean price is $23,000 C. At the 1% level of significance, there is not sufficient evidence to reject the claim that the mean price is $23,000. D. At the 1% level of significance, there is sufficient evidence to reject the claim that the mean price is not $23,000.

A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Aused car dealer says that the mean price of a three-year-old sports utility vehicle is $23,000. You suspect this claim is incorrect and find that a random sample of 22 similar vehicles has a mean price of $23,691 and a standard deviation of $1911. Is there enough evidence to reject the claim at a = 0.01? Complete parts (a) through (e) below. Assume the population is normally distributed. (c) Find the standardized test statistic t t= 1.70 (Round to two decimal places as needed.) (d) Decide whether to reject or fail to reject the null hypothesis. O A. Fail to reject Ho because the test statistic is in the rejection region(s). O B. Reject H, because the test statistic is not in the rejection region(s). O C. Fail to reject Ho because the test statistic is not in the rejection region(s). O D. Reject H, because the test statistic is in the rejection region(s). (e) Interpret the decision in the context of the original claim. O A. At the 1% level of significance, there is not sufficient evidence to reject the claim that the mean price is not $23,000. O B. At the 1% level of significance, there is sufficient evidence to reject the claim that the mean price is $23,000. O C. At the 1% level of significance, there is not sufficient evidence to reject the claim that the mean price is $23,000. O D. At the 1% level of significance, there is sufficient evidence to reject the claim that the mean price is not $23,000. (A) More Next 1242 AM 44'F 11/5/2021 P Type here to séarch
Transcribed Image Text:Aused car dealer says that the mean price of a three-year-old sports utility vehicle is $23,000. You suspect this claim is incorrect and find that a random sample of 22 similar vehicles has a mean price of $23,691 and a standard deviation of $1911. Is there enough evidence to reject the claim at a = 0.01? Complete parts (a) through (e) below. Assume the population is normally distributed. (c) Find the standardized test statistic t t= 1.70 (Round to two decimal places as needed.) (d) Decide whether to reject or fail to reject the null hypothesis. O A. Fail to reject Ho because the test statistic is in the rejection region(s). O B. Reject H, because the test statistic is not in the rejection region(s). O C. Fail to reject Ho because the test statistic is not in the rejection region(s). O D. Reject H, because the test statistic is in the rejection region(s). (e) Interpret the decision in the context of the original claim. O A. At the 1% level of significance, there is not sufficient evidence to reject the claim that the mean price is not $23,000. O B. At the 1% level of significance, there is sufficient evidence to reject the claim that the mean price is $23,000. O C. At the 1% level of significance, there is not sufficient evidence to reject the claim that the mean price is $23,000. O D. At the 1% level of significance, there is sufficient evidence to reject the claim that the mean price is not $23,000. (A) More Next 1242 AM 44'F 11/5/2021 P Type here to séarch
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