Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Automobile Association of America claimed the average number of years car owners keep their car to be 7.1 years. A sample of 100 randomly

The Automobile Association of America claimed the average number of years car owners keep their car to be 7.1 years. A sample of 100 randomly selected car owners are surveyed. The output below shows the analysis based on the sample data.

Question 1: Which is correct?

a. This is aone-tail test and the datadoessupport the claim about the average number of years car owners keep their car.

b. This is aone-tail testand the datadoes notsupport the claim about the average number of years car owners keeptheir car.

c. This is a two-tail testand the datadoessupport the claim about the average number of years car owners keeptheir car.

d. This is atwo-tail testand the datadoes notsupport the claim about the average number of years car owners keeptheir car.

Question 2: Using the data presented in the previous question, what is the marginof error for a 95% confidence interval? Note: Please enter a value with 4 digits after the decimal point.

Sample Data Hypothesized Mean
Mean 6.698 7.100
Variance 0.788 0.000
Observations 100 100
Hypothesized Mean Difference 0
df 99
t Stat -4.531
P(Tt) one-tail 0.000
t Critical one-tail 1.660
P(Tt) two-tail 0.000
t Critical two-tail 1.984

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Statistical Reasoning for Everyday Life

Authors: Jeff Bennett, Bill Briggs, Mario F. Triola

4th edition

978-0321817747, 321817745, 978-0321890139, 321890132, 321817621, 978-0321817624

More Books

Students also viewed these Mathematics questions