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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 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 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.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.

Vehicle Type/Class Year Make Model Price MPG (City) MPG (Highway)
BMW X5 2022 BMW X5 $60,395 21 26
GMC Yukon 2022 GMC Yukon XL $58,595 15 17
Ford SUV 2022 Ford Expedition $58,695 19 24
Volvo 2022 Volvo XC90 $58,895 19 27
Mustang Electric 2022 Ford MACH-E $43,995 TBD TBD
Mazda SUV 2022 Mazda CX-9 $42,885 20 23
Volvo SUV 2022 Volvo XC40 $42,945 22 30
Acura 2022 Acura RDX $42,975 22 28
Tesla 2022 Tesla Model Y $60,190 TBD TBD
Lexus 2022 Lexus RX $58,485 29 28
McLaren Elva 2022 McLaren Elva $1,700,000 15 22
Mean $52,806
Median $58,540
Standard Deviation $8,297.15
Mean $202,550
Median $58,595
Standard Deviation $496,710.20

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