Answered step by step
Verified Expert Solution
Question
1 Approved Answer
22.8 23.8 30.7 27.2 26.8 25.9 28.6 30.7 27.2 25.0 24.9 26.6 31.2 30.3 28.2 27.7 30.3 30.1 24.2 22.6 22.4 24.0 22.8 24.1 23.6
22.8 23.8 30.7 27.2 26.8 25.9 28.6 30.7 27.2 25.0 24.9 26.6 31.2 30.3 28.2 27.7 30.3 30.1 24.2 22.6 22.4 24.0 22.8 24.1 23.6 29.8 29.5 31.3 26.7 27.9 28.3 31.6 26.8 31.1 29.9 31.7 23.0 30.0 24.9 27.1 29.4 31.8 23.5 27.0 24.0 25.9 30.5 24.8 31.9 24.9 MBAd 222 Judgment, Uncertainty, & Decisions Assignment Student ID: G (Please note: In reporting the values requested below, please be sure that your value is accurate to at least three places to the right of the decimal point. This Assignment is based in large part on http://www.latimes.com/business/autos/la-fi-autos-hyundai-mpg-20121103,0,5715498.story) A lawsuit against Hyundai in Sacramento, California, Superior Court is seeking class-action status that alleges that the automaker Kia made false advertising claims for its popular Soul model, among others. As the litigation manager for Kia, you wish to determine whether the claim has any merit. Of principal interest is whether Kia's stated claim (34 mpg for highway) for the Kia Soul was too high. A random sample of 50 new Kia Souls were selected for study, and the gas mileage was assessed: these data are contained in the "Soul.txt" file. Based on these data, and using only Excel, please complete the following template. When reaching a decision, please use an -level of .05 and a critical value of t which is as precise as your computer will permit. ` 1. Hypotheses Symbolic: In words: Ho: Ha: 2. Procedure: 3. Assumptions: 4. Assumption tenability: 5. Results: n x Std. Error H0 HA Test Single Sample t-test Text accompanying the Results: 6. Implications: Test Value d.f. Critical Value of t Accept HA?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started