Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A town official claims that the average vehicle in their area sells for more than the 40 th percentile of your data set. Using the

A town official claims that the average vehicle in their area sells formore thanthe 40thpercentile of your data set. Using the data, you obtained in week 1, as well as the summary statistics you found for the original data set (excluding the super car outlier), run a hypothesis test to determine if the claim can be supported.Make sure you state all the important values, so your fellow classmates can use them to run a hypothesis test as well.Use the descriptive statistics you found during Week 2 NOT the new SD you found during Week 4.Because again, we are using the original 10 sample data set NOT a new smaller sample size.Use alpha = .05 to test your claim.

(Note: You will want to use the function =PERCENTILE.INCin Excel to find the 40thpercentile of your data set.Hopefully this Excel function looks familiar to you from Week 2.)

First determine if you are using azort-test and explain why. Then conduct a four-step hypothesis test including a sentence at the end justifying the support or lack of support for the claim and why you made that choice.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Calculus Early Transcendentals

Authors: Michael Sullivan, Kathleen Miranda

2nd Edition

1319067484, 9781319067489

More Books

Students also viewed these Mathematics questions