Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Hi, I have completed this problem however, I am unsure if it is correct. Citrus Rental is a popular car rental agency that has a
Hi, I have completed this problem however, I am unsure if it is correct.
Citrus Rental is a popular car rental agency that has a history of having too few cars available, so that its available cars are overdriven. The mean monthly mileage over the years for Citrus cars has been about 1600 miles per month. Recently. though, Citrus purchased thousands of new cars. and the company claims that the average mileage of its cars is now less than in the past. To test this. a random sample of 20 recent mileages of Citrus cars was taken. The mean of these 20 mileages was 1466 miles per month. and the standard deviation was 250 miles per month. Assume that the population of recent monthly mileages of Citrus cars is normally distributed. At the 0.05 level of signicance, can it be concluded that the mean recent monthly mileage, p, of Citrus cars is less than 1600 miles per month? Perform a onetailed test. Then complete the parts below. Carry your intermediate computations to three or more decimal places and round your answers as specified in the table. (If necessary, consult a list of formulas.) (a) State the null hypothesis H0 and the alternative hypothesis H1. l-i 0 p H0 : p = 1600 _ A x 5 p H1 : pStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started