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ECPI student visited Honda Checkered Flag dealer shop to purchase new Honda Accord model. Dealer told to student that price for new Honda Accord model
ECPI student visited Honda Checkered Flag dealer shop to purchase new Honda Accord model. Dealer told to student that price for new Honda Accord model is less than $20,000.00 nationwide. Student took random sample of 36 Honda Accord cars from Honda Checkered Flag parking lot and find out that mean for that sample is 22,000.00 and standard deviation is $6,000.00. Please check at a = 0.05 dealer's claim. Hint: Since n is more than 30 you can use table standard normal distribution - table 4
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