Used Car Cost A used car dealer says that the mean price of a three-year-old sport utility vehicle (in good condition) is $20,000. You suspect this claim is incorrect and find that a random sample of 22 similar vehicles has a mean price of $20,640 and a standard deviation of $1990. Is there enough evidence to reject the claim at a = 0.05?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 26PFA
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Used Car Cost A used car dealer says that the mean price of a three-year-old
sport utility vehicle (in good condition) is $20,000. You suspect this claim is
incorrect and find that a random sample of 22 similar vehicles has a mean
price of $20,640 and a standard deviation of $1990. Is there enough evidence
to reject the claim at a = 0.05?
Transcribed Image Text:Used Car Cost A used car dealer says that the mean price of a three-year-old sport utility vehicle (in good condition) is $20,000. You suspect this claim is incorrect and find that a random sample of 22 similar vehicles has a mean price of $20,640 and a standard deviation of $1990. Is there enough evidence to reject the claim at a = 0.05?
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