Question
A used car dealer says that the mean price of a three-year-old sport utility vehicle in good condition is $18,000. A random sample of 20
A used car dealer says that the mean price of a three-year-old sport utility vehicle in good condition is $18,000. A random sample of 20 such vehicles has a mean price of $18,450 and a standard deviation of $1140. At =0.08, can the dealer's claim be supported assuming the population is normally distributed?
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Intro Stats
Authors: Richard D. De Veaux, Paul F. Velleman, David E. Bock
3rd edition
321533283, 321533289, 9780321463708, 9780321503848, 9780321503800, 9780321499431, 9780321499417, 978-0321500458
