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Set up a hypothesis test for the proportion of the cars that have prices lower than the Q3 value of your dataset. You may claim
Set up a hypothesis test for the proportion of the cars that have prices lower than the Q3 value of your dataset. You may claim that the proportion of the population that have prices lower than Q3 is equal to 75%. Can you support your claim with the point estimate of your sample?
Set up a hypothesis test.
which direction would the null fall under?
A left-sided test: 0: = : <
A right sided test : 0: = : > c
. A two sided test: 0: = :
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