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The average cost of Honda cars in the US is $23,865. Is the cost different in Apple Valley Honda? To answer this question, we select
The average cost of Honda cars in the US is $23,865. Is the cost different in Apple Valley Honda? To answer this question, we select a random sample of 35 cars in Apple Valley Honda and find the average cost is $25, 226. The standard deviation is $1,200. If 0.05 , can we conclude that the average cost of Honda cars at Apple Valley Honda is different from $25,226? Justify your answer by stating what is the null hypothesis and finding the test and critical values.
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