A website advertises used cars for sale. During September 2018, 12 cars of similar age and of
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A website advertises used cars for sale. During September 2018, 12 cars of similar age and of the same model are for sale. The asking prices for the cars ($AUS) are:
5999, 8900, 7000, 6499, 7500, 7999, 8450, 6500, 7250, 8150,4999, 5600
a. Investigate, at the 10% significance level, whether the median asking price for such cars is $7675.
b. Still using the 10% level of significance, above what value would the median need to be to make the test significant?
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Related Book For
Cambridge International AS & A Level Further Mathematics Coursebook
ISBN: 9781108403375
1st Edition
Authors: Lee Mckelvey, Martin Crozier
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