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A car manufacturer believes electric cars will result in greater yearly savings for customers. His company designed an electric model version of their best-selling SUV
A car manufacturer believes electric cars will result in greater yearly savings for customers. His company designed an electric model version of their best-selling SUV and wants to compare the maintenance costs of the electric model vs. the original gas model. The usual mean for the gas-powered vehicle is =112 dollars per month and a standard deviation of =27. Tests are conducted on a sample of n = 36 electric cars. The sample mean ends up being M= 103 dollars per month.
- State the study hypotheses (using sentences or annotations) (4 pts)
- Using a two-tailed test with = .05, is the data sufficient to conclude that electric cars result in greater monetary savings than gas-powered vehicles? In your answer, state (1) the boundaries of the critical region, (2) the test statistic for your sample, and, (3) your decision. (6 pts)
- Compute Cohen's d for this study (2 pts)
- What if the researcher had used a two-tailed test with = .01? In your answer, state (1) the boundaries of the critical region, (2) your decision. (2 pts)
- What if the researcher had predicted that electric vehicles would cause an increase in maintenance costs and decided to use a one-tailed test with = .05? In your answer, state (1) the boundary of the critical region, (2) your decision. (2pts)
- What if the researcher had predicted that electric vehicles would cause adecrease in maintenance costs and decided to use a one-tailed test with = .01? In your answer, state (1) the boundary of the critical region, (2) your decision. (2 pts)
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