Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please give a good answer. I will make sure to leave a thumbs up!! QUESTION 2 (20 marks) Is there evidence that the population mean
Please give a good answer. I will make sure to leave a thumbs up!! QUESTION 2 (20 marks) Is there evidence that the population mean odometer reading of the used cars at auction is equal to 15,000 miles at the 0.09 level of significance. And find the confidence interval for your estimate. Descriptives Bootstrap 94% Confidence interval Statistic Std. Error Bias Std Error Lower Upper Odometer Mean 47070.44 1359.831 47.63 1324 51 44667 91 49632.89 91% Confidence interval Lower Bound 44761.25 for Mean Upper Bound 49379,62 5% Trimmed Mean 4408101 6549 1271 81 41720.32 4648230 Median 38787.50 -239.05 1244.47 36354.11 40813.54 Variance 1109493459 417476.642 1072901324 9130143003 1320345377 Std Deviation 33308 910 32 543 1808.934 30218126 36336 557 Minimum 4 Maximum 232380 Rango 232376 Interquartile Range 34341 22 1935 31341 38378 Skewness 1.623 100 - 015 186 1283 1978 Kurtosis 3.643 199 - 078 1.129 1.718 5978 a Unless otherwise noted, bootstrap results are based on 600 bootstrap samples
Please give a good answer. I will make sure to leave a thumbs up!!
Step 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