e) You are required to test at the 5% level of significance the hypothesis that the averagemonthly earnings on Hyundai Vehicles is equal to $110,000 versus the altemative that it isdifferent from $110,000.Complete the following:i. Give the null and alternative hypothesis of this test.ii. Determine the critical value(s) of this test.iii. Compute the value of the test statistic. A car company wants to know the monthly sales made in (S000), based on the brand of vehicle.The data collected was entered on a MINITAB spreadsheet for analysis. Exhibit II below wassubsequently generated.Exhibit 2ModelNMeanMedianTri.MeanStd DevS.E. Mean23HyundaiТoyota109135107.641.3427165124143.659.5**

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Answered: e) You are required to test at the 5%…

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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e) You are required to test at the 5% level of significance the hypothesis that the average
monthly earnings on Hyundai Vehicles is equal to $110,000 versus the altemative that it is
different from $110,000.
Complete the following:
i. Give the null and alternative hypothesis of this test.
ii. Determine the critical value(s) of this test.
iii. Compute the value of the test statistic.

Transcribed Image Text:A car company wants to know the monthly sales made in (S000), based on the brand of vehicle. The data collected was entered on a MINITAB spreadsheet for analysis. Exhibit II below was subsequently generated. Exhibit 2 Model N Mean Median Tri.Mean Std Dev S.E. Mean 23 Hyundai Тoyota 109 135 107.64 1.34 27 165 124 143.65 9.5 **

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