A used car dealer says that the mean price of used cars sold in the last 12
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A used car dealer says that the mean price of used cars sold in the last 12 months is at least \($21,000.\) You suspect this claim is incorrect and find that a random sample of 14 used cars sold in the last 12 months has a mean price of \($19,189\) and a standard deviation of \($2950.\) Is there enough evidence to reject the dealer’s claim at α = 0.05? Assume the population is normally distributed.
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Related Book For
Elementary Statistics Picturing The World
ISBN: 9781292260464
7th Global Edition
Authors: Betsy Farber, Ron Larson
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