Suppose a guide book gives a certain car a retail value of $18,000. The table below shows asking prices, in dollars, for a sample of the same car model and year. At the 10% significance level, do the data provide sufficient evidence to conclude that the mean asking price of the car is less than the listed retail value? 16,602 16,170 16,048 15,939 15,642 15,560 14,546 13,549 15,666 15,744 Set up the hypotheses for the Wilcoxon signed-rank test. H0:μ Ha:μ Determine the test statistic. The test statistic is W= Identify the critical value(s). Select the correct choice below and fill in the answer box within your choice. A. The critical value is enter your response here. B. The critical values are enter your response here and enter your response here. (Use ascending order.) Determine the proper conclusion. Reject Do not reject the null hypothesis. The data provide do not provide sufficient evidence to conclude that the mean asking price of the car is the same as less than different from greater than the listed retail value.
Suppose a guide book gives a certain car a retail value of $18,000. The table below shows asking prices, in dollars, for a sample of the same car model and year. At the 10% significance level, do the data provide sufficient evidence to conclude that the mean asking price of the car is less than the listed retail value? 16,602 16,170 16,048 15,939 15,642 15,560 14,546 13,549 15,666 15,744 Set up the hypotheses for the Wilcoxon signed-rank test. H0:μ Ha:μ Determine the test statistic. The test statistic is W= Identify the critical value(s). Select the correct choice below and fill in the answer box within your choice. A. The critical value is enter your response here. B. The critical values are enter your response here and enter your response here. (Use ascending order.) Determine the proper conclusion. Reject Do not reject the null hypothesis. The data provide do not provide sufficient evidence to conclude that the mean asking price of the car is the same as less than different from greater than the listed retail value.
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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Question
Suppose a guide book gives a certain car a retail value of $18,000. The table below shows asking prices, in dollars, for a sample of the same car model and year. At the 10% significance level, do the data provide sufficient evidence to conclude that the mean asking price of the car is less than the listed retail value?
|
16,602
|
16,170
|
16,048
|
15,939
|
15,642
|
|
|
15,560
|
14,546
|
13,549
|
15,666
|
15,744
|
Set up the hypotheses for the Wilcoxon signed-rank test.
H0:μ
Ha:μ
Determine the test statistic.
The test statistic is
W=
Identify the critical value(s). Select the correct choice below and fill in the answer box within your choice.
A.
The critical value is
enter your response here.
The critical values are
enter your response here
and
enter your response here.
(Use ascending order.)
Determine the proper conclusion.
Reject
Do not reject
provide
do not provide
the same as
less than
different from
greater than
the listed retail value.
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