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he time remains, Question Completion Status: At Smith Motors, the average number of miles on trade-in vehicles has historically been u = 64,700. Smith Motors

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he time remains, Question Completion Status: At Smith Motors, the average number of miles on trade-in vehicles has historically been u = 64,700. Smith Motors recently began raising its financing charges. They collect data from a random sample of 36 vehicles and find that X = 65,900 miles and s = 4280 miles. They want to know if the average mileage on trade-in vehicles has increased due to this change. Use a =0.01 for the hypothesis test. Important: The following questions are all multiple choice. Fill-in-the-blank with the letter corresponding to your answer choice. Step 1 Select the correct the null and alternative hypotheses Type the letter of your answer choice here: (Recall: H, is another way to write the alternative hypothesis ) (a) H X= 65,900, H: 65,900 (d) He: x> 65,900, Hj: Y= 65,900 (b) Ho > 64.700, H. M= 64,700 (e) How= 64.700, Hi: > 64,700 (c) Ho: H= 64,700. Hi: #> 65,900 (1) Hop= 64,700. H: x= 65,900 Step 2. Which distribution will you use and why? Type the letter of your answer choice here: a. Normal distribution, because you are given the population standard deviation b. Student's t- distribution, because you are given the population standard deviation. C. Normal distribution, because you are given the sample standard deviation d. Student's 1- distribution, because you are given the sample standard deviation. Step 3. Find the P-value. Type the letter of your answer choice here: a. 0 0463 0.6104 C 0.9537 d 0.3896 e 0.9493 f. 0.0507 9 0.3904 h 0.6096 Step 4: Based on your answers for Steps 1-3. what is your conclusion? Type the letter of your answer choice here: (To receive credit, your answer must be consistent with your responses above ) a. Do not reject Ho b. Reject Ho . Do not reject H1 Reject H1 HOLDCBS FOO 5:04 PM - 2 5/9/2022 LION

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