Question
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 |
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