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Hi i really need help. Is there evidence that the population mean price of 4-cylinder cars is less than that of 6- cylinder cars? Use
Hi i really need help.
Is there evidence that the population mean price of 4-cylinder cars islessthan that of 6- cylinder cars? Use a13% level of significance
Claim: We want to test the claim that the 4-cylinder cars sold at the auction are priced
Hypothesis statement: Null hypothesis - H0:12
Alternative hypothesis - H1:1
Analysis of results:Divide P-value and show for one-tail.Verify on Casio or excel.
Statistical and managerial decision:
SPSS output:
SPSS output: Group Statistics Std. Error Cyl6 N Mean Std. Deviation Mean Price 0 389 13216.24 2952.884 149.717 1 111 14745.81 3725.548 353.613 Independent Samples Test Levene's Test for Equality of Variances t-test for Equality of Means 95% Confidence Interval of the Significance Mean Std. Error Difference F Sig t df One-Sided p Two-Sided p Difference Difference Lower Upper Price Equal variances assumed 4.056 045 -4.527 498 <.001 equal variances not assumed>Step by Step Solution
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