5.The average amount spent on a new car in 2015 was $33,560 with a standard deviation of $11,194. You just bought a new car for $18,422 and want to know if you got a good deal compared to the national average. (Total 25 pts)

A.What are the independent and dependent variables and how are each scaled (1 pt each; Total 4 pts)?

Independent:________________________Scaling:_____________________________

Dependent:__________________________ Scaling:_____________________________

B.What test should you use (4 pts)?__________________________________________________

C.Why that test (2 pts)?

D.What are the null and alternative hypotheses for that test (4 pts)?

E. What are that tests assumptions (2 pts)?

F.What is the critical value for p=.05 (2 pts)? _________________________

G.If you calculate a test statistic of 1.97, should she (2 pts)?Retain H₀Reject H₀

H.Interpret the findings (5 pts):