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6,16 A report states that the cost of repairing a hybrid vehicle is falling even while typical repairs on conventional vehicles are getting more expensive.

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A report states that the cost of repairing a hybrid vehicle is falling even while typical repairs on conventional vehicles are getting more expensive. The most common hybrid repair, replacing the hybrid K inverter assembly, had a mean repair cost of $3,927 in 2012. Industry experts suspect that the cost will continue to decrease given the increase in the number of technicians who have gained expertise on fixing gas-electric engines in recent months. Suppose a sample of 100 hybrid inverter assembly repairs completed in the last month was selected. The sample mean repair cost was $3,880 with the sample standard deviation of $300. Complete parts (a) and (b) below. a. Is there evidence that the population mean cost is less than $3,927? (Use a 0.05 level of significance.) State the null and alternative hypotheses. Ho: H H: P

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