The p-value is approximately 0. What can we conclude about our situation? Pick only one. We have evidence that the average price of a new Honda Civic is below 21550 We do not have have evidence that the average price of a new Honda Civic is below 21550 We have evidence that the average price of a new Honda Civic is above 21550 We have evidence that the average price of a new Honda Civic is below 20015

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The p-value is approximately 0. What can we conclude about our situation? Pick only one.
We have evidence that the average price of a new Honda Civic is below 21550
We do not have have evidence that the average price of a new Honda Civic is below 21550
We have evidence that the average price of a new Honda Civic is above 21550
We have evidence that the average price of a new Honda Civic is below 20015
Transcribed Image Text:The p-value is approximately 0. What can we conclude about our situation? Pick only one. We have evidence that the average price of a new Honda Civic is below 21550 We do not have have evidence that the average price of a new Honda Civic is below 21550 We have evidence that the average price of a new Honda Civic is above 21550 We have evidence that the average price of a new Honda Civic is below 20015
Suppose that you wanted to buy a new Honda Civic and you want to wait until you can get a good
deal. You want to see if the usual/average price of a Honda Civic is below the blue book value of
$21,550.
You are unsure that the prices of the current listings around you are lower than the blue book value
of a Honda Civic so you randomly sample 49 listings from the area and find their sample mean selling
price is $20,015 and their sample standard deviation is $1750.
Transcribed Image Text:Suppose that you wanted to buy a new Honda Civic and you want to wait until you can get a good deal. You want to see if the usual/average price of a Honda Civic is below the blue book value of $21,550. You are unsure that the prices of the current listings around you are lower than the blue book value of a Honda Civic so you randomly sample 49 listings from the area and find their sample mean selling price is $20,015 and their sample standard deviation is $1750.
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