Sale Price 12400 10400 12100 10000 11000 8895 7675 9975 6350 10470 9895 11250 8795 12500 9340 10150 9200 9395 11000 10640 10000 7500 8000 10440 10200 10300 9740 9280 10930 8000 9000 7680 9400 10730 7350 12240 11970 8240 9910 10080 9440 8970 9500 10050 10130 11400 8500 7500 9090 10500 According to the National Automobile Dealers Association, the mean price for used cars is $10,192. A manager of a Kansas City used car dealership reviewed a sample of 50 recent used car sales at the dealership in an attempt to determine whether the population mean price for used cars at this particular dealership differed from the national mean. The prices for the sample of 50 cars are shown in the file named UsedCars. Formulate the hypotheses that can be used to determine whether a difference exists in the mean price for used cars at the dealership. What is the p-value? At , what is your conclusion?
Sale Price 12400 10400 12100 10000 11000 8895 7675 9975 6350 10470 9895 11250 8795 12500 9340 10150 9200 9395 11000 10640 10000 7500 8000 10440 10200 10300 9740 9280 10930 8000 9000 7680 9400 10730 7350 12240 11970 8240 9910 10080 9440 8970 9500 10050 10130 11400 8500 7500 9090 10500 According to the National Automobile Dealers Association, the mean price for used cars is $10,192. A manager of a Kansas City used car dealership reviewed a sample of 50 recent used car sales at the dealership in an attempt to determine whether the population mean price for used cars at this particular dealership differed from the national mean. The prices for the sample of 50 cars are shown in the file named UsedCars. Formulate the hypotheses that can be used to determine whether a difference exists in the mean price for used cars at the dealership. What is the p-value? At , what is your conclusion?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Topic Video
Question
| Sale Price |
| 12400 |
| 10400 |
| 12100 |
| 10000 |
| 11000 |
| 8895 |
| 7675 |
| 9975 |
| 6350 |
| 10470 |
| 9895 |
| 11250 |
| 8795 |
| 12500 |
| 9340 |
| 10150 |
| 9200 |
| 9395 |
| 11000 |
| 10640 |
| 10000 |
| 7500 |
| 8000 |
| 10440 |
| 10200 |
| 10300 |
| 9740 |
| 9280 |
| 10930 |
| 8000 |
| 9000 |
| 7680 |
| 9400 |
| 10730 |
| 7350 |
| 12240 |
| 11970 |
| 8240 |
| 9910 |
| 10080 |
| 9440 |
| 8970 |
| 9500 |
| 10050 |
| 10130 |
| 11400 |
| 8500 |
| 7500 |
| 9090 |
| 10500 |
According to the National Automobile Dealers Association, the mean price for used cars is $10,192. A manager of a Kansas City used car dealership reviewed a sample of 50 recent used car sales at the dealership in an attempt to determine whether the population mean price for used cars at this particular dealership differed from the national mean. The prices for the sample of 50 cars are shown in the file named UsedCars.
-
Formulate the hypotheses that can be used to determine whether a difference exists in the mean price for used cars at the dealership.
- What is the p-value?
- At , what is your conclusion?
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