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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 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.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 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.

Make Model Price
GMC 1500 81900
Jeep Wrangler 44000
Harley Road King 19929
Chevy Corvette 60900
Ram 1500 36500
ford 150 31520
chevy 1500 34600
Toyota Tundra 35950
Toyota Tacoma 27150
Ford Ranger 25930
Mean 39837.9
Medium 35275
SD 18570.6237

Column1
Mean 39837.9
Standard Error 5872.54684
Median 35275
Mode #N/A
Standard Deviation 18570.6237
Sample Variance 344868064
Kurtosis 2.18179803
Skewness 1.52658474
Range 61971
Minimum 19929
Maximum 81900
Sum 398379
Count 10
Confidence Level(95.0%) 13284.6239

Mean 39837.9
Confidence Level(95.0%) 13284.6239
Lower 26553.2761
Higher 53122.5239

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