Consumer Reports rated 15 midpriced family sedans and 15 affordable family sedans. The following data show the
Question:
Consumer Reports rated 15 midpriced family sedans and 15 affordable family sedans. The following data show the road-test scores (1 to 100 scale with 100 the highest rating) for the 30 cars (Consumer Reports, February 2008).
Midpriced Family Sedans.............................Affordable Family Sedans
89.....................................................................................85
88.....................................................................................79
87.....................................................................................78
86.....................................................................................77
84.....................................................................................76
77.....................................................................................75
77.....................................................................................74
75.....................................................................................69
70.....................................................................................69
69.....................................................................................69
64.....................................................................................64
58.....................................................................................62
56.....................................................................................59
48.....................................................................................49
46.....................................................................................44
a. Formulate hypotheses so that if the null hypothesis is rejected, we can conclude that the mean road-test score for midpriced family sedans is significantly greater than the mean road-test score for affordable family sedans. Use α = .05.
b. What is the point estimate of the difference between the mean road-test score for mid priced family sedans and the mean road-test score for affordable family sedans?
c. Compute the p-value for the hypotheses formulated in part (a).
d. Using the p-value computed in part (c) and α = .05, what is your conclusion.
Step by Step Answer:
Essentials Of Modern Business Statistics With Microsoft Excel
ISBN: 9780840062383
5th Edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams