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A used car dealer says that the mean price of a three-year-old sports utility vehicle is $23,000. You suspect this claim is incorrect and find
A used car dealer says that the mean price of a three-year-old sports utility vehicle is $23,000.
You suspect this claim is incorrect and find that a random sample of 22similar vehicles has a mean price of$23,764 and a standard deviation of $1970.
Is there enough evidence to reject the claim at alpha α = 0.10?
Assume the population is normally distributed.
You suspect this claim is incorrect and find that a random sample of 22similar vehicles has a mean price of$23,764 and a standard deviation of $1970.
Is there enough evidence to reject the claim at alpha α = 0.10?
Assume the population is normally distributed.
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