Question
A leasing firm claims that the mean number of miles driven annually, ?, in its leased cars is less than 12,640 miles. A random sample
A leasing firm claims that the mean number of miles driven annually, ?, in its leased cars is less than 12,640 miles. A random sample of 60 cars leased from this firm had a mean of 12,104 annual miles driven. It is known that the population standard deviation of the number of miles driven in cars from this firm is 1620 miles. Is there support for the firm's claim at the 0.01 level of significance?
Perform a one-tailed test. Then complete the parts below.
Carry your intermediate computations to three or more decimal places, and round your responses as specified below. (If necessary, consult a list of formulas.)
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