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Statista reports that the average monthly lease payment for an automobile is falling in the United States, but does this apply to all classes
Statista reports that the average monthly lease payment for an automobile is falling in the United States, but does this apply to all classes of automobiles?? hypothetical monthly lease payment data for 33 randomly selected SUVs in 2015 and 46 randomly selected SUVs in 2016. Suppose you are interested in whether this trend is true for sport utility vehicles (SUVs). Consider the following 2015 692 54 g 768 2016 395 452 385 628 agg 682 771 506 502 590 444 535 720 550 604 720 435 526 658 350 546 633 591 589 521 617 589 578 674 745 605 480 756 495 711 781 607 564 572 396 526 501 674 530 641 603 614 742 659 734 432 627 610 618 554 566 925 496 486 421 566 646 74 g 661 554 377 587 560 764 484 656 489 565 600 (a) (c) Provide a point estimate (in S) of the difference between the population mean monthly lease payments for the two years Interpret the point estimate. . (Use SUVs in 2015 SUVs in 2016. Round your answer to the nearest cent.) using the price v , the 2015 v for an SUV differs from the 2016 v for an SUV by the amount of the point estimate. Develop a ggo/c confidence interval estimate (in $) of the difference between the mean monthly lease payments in 2015 and 2016. (use SUVs in 2015 SUVs in 2016. Round your answers to the nearest cent.) Would you feel justified in concluding that monthly lease payments have declined from 2015 to 2016? Why or why not? , because the confidence interval v Zero.
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