A town official claims that the average vehicle in their area sells for more than the 40
Question:
A town official claims that the average vehicle in their area sells for more 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 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.INC in 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 a z or t-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.
week number 1
Vehicle | Year | Make | Model | Sub Model | Retail | MPG/City | MPG/Hwy | Drive type | HP | TORQUE | Weight | |
Truck | 2022 | RAM | 1500 | TRX | 91,000 | 9 | 12 | F4WD | 702 | 650 | 6,439 lbs | |
Truck | 2023 | Ford | F150 | Raptor R | 96,000 | 12 | 17 | 4WD | 700 | 645 | 6,050 lbs | |
CAR | 2023 | Chevrolet | Corvette | 3LT | 76,000 | 15 | 27 | RWD | 670 | 460 | 3,366 lbs | |
CAR | 2022 | Honda | Civic | Type R | 37,950 | 22 | 28 | FWD | 306 | 295 | 3,121 lbs | |
CAR | 2022 | Toyota | Supra | GR | 55,650 | 21 | 31 | RWD | 340 | 500 | 2,868 lbs | |
SUV | 2022 | Ford | Bronco | Raptor | 68,500 | 15 | 16 | 4WD | 418 | 440 | 5,733 lbs | |
SUV | 2022 | LandrRov | RangRov | Sport | 183,100 | 14 | 19 | AWD | 575 | 516 | 5,448 lbs | |
SUV | 2022 | Jeep | Grand | Wagoneer | 109,435 | 13 | 18 | RWD | 392 | 404 | 6,420 lbs | |
CAR | 2022 | Dodge | SRT | Hellcat | 89,190 | 12 | 21 | RWD | 797 | 707 | 5,450 lbs | |
CAR | 2022 | Nissan | GTR | Nismo | 220,000 | 16 | 22 | AWD | 600 | 481 | 3,865 lbs | |
week 2
Vehicle | Year | Make | Model | Sub Model | Price | MPG/City | MPG/Hwy | Drive type | HP | TORQUE | Weight | |
Truck | 2022 | RAM | 1500 | TRX | $ 91,000.00 | 9 | 12 | F4WD | 702 | 650 | 6,439 lbs | |
Truck | 2023 | Ford | F150 | Raptor R | $ 96,000.00 | 12 | 17 | 4WD | 700 | 645 | 6,050 lbs | |
CAR | 2023 | Chevrolet | Corvette | 3LT | $ 76,000.00 | 15 | 27 | RWD | 670 | 460 | 3,366 lbs | |
CAR | 2022 | Honda | Civic | Type R | $ 37,950.00 | 22 | 28 | FWD | 306 | 295 | 3,121 lbs | |
CAR | 2022 | Toyota | Supra | GR | $ 55,650.00 | 21 | 31 | RWD | 340 | 500 | 2,868 lbs | |
SUV | 2022 | Ford | Bronco | Raptor | $ 68,500.00 | 15 | 16 | 4WD | 418 | 440 | 5,733 lbs | |
SUV | 2022 | LandrRov | RangRov | Sport | $ 183,100.00 | 14 | 19 | AWD | 575 | 516 | 5,448 lbs | |
SUV | 2022 | Jeep | Grand | Wagoneer | $ 109,435.00 | 13 | 18 | RWD | 392 | 404 | 6,420 lbs | |
CAR | 2022 | Dodge | SRT | Hellcat | $ 89,190.00 | 12 | 21 | RWD | 797 | 707 | 5,450 lbs | |
CAR | 2022 | Nissan | GTR | Nismo | $ 220,000.00 | 16 | 22 | AWD | 600 | 481 | 3,865 lbs | |
Mean: | $ 102,682.50 | |||||||||||
Meadian: | $ 90,095.00 | |||||||||||
SD: | $ 56,688.14 | |||||||||||
Sample Size | $ 10.00 | |||||||||||
Analyzing Data And Making Decisions Statistics For Business Microsoft Excel 2010 Updated
ISBN: 9780132924962
2nd Edition
Authors: Judith Skuce