AutoTrader.com claims that the median selling price of used cars during 2014 was $9,275. To test this

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AutoTrader.com claims that the median selling price of used cars during 2014 was $9,275. To test this claim, the following random sample of 2014 used car sales was collected.

These data can also be found in the Excel file AutoTrader.xlsx.

$14,840 $2,660 $7,800 $7,640 $10,750 $4,325 6,280 $21,100 $7,690 $6,985 $3,800 Using a = 0.05, perform a hypothesis test to determine if AutoTrader’s claim is supported by this sample.

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Business Statistics

ISBN: 9780133852288

2nd Edition

Authors: Robert A Donnelly, Robert Donnelly Jr

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