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A poll used a sample of 100 randomly selected car owners. Within the sample, the mean time of ownership for a single car was 5.66
A poll used a sample of 100 randomly selected car owners. Within the sample, the mean time of ownership for a single car was 5.66 years with a standard deviation of3.16 years. Test the claim by the owner of a large dealership that the mean time of ownership for all cars is less than6.5 years. Use a 0.05 significance level. 1. State the null and alternative hypothesis 2. Find the z-score 3. Find the p-value 4. State the conclusion
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