UploadCARSdata. SETUP: It is believed that BMW' prices (Suggested price) are higher than 40000. Given the data your job is to confirm or disprove this belief . (CAREFULL: sort the data in order to extract the needed information).

DATA: https://www.limes.one/Content/DataFiles/cars04.txt

1. What test/procedure did you perform?

• a. One-sided t-test
• b. Two-sided t-test
• c. Regression
• d. Confidence interval

2. What is the P-value/margin of error?

• a. 0.161902527
• b. 14222.08354
• c. 8594.31906
• d. 8.065421
• e. None of these

3. Statistical interpretation

• a. Since P-value is very small we are confident that the average Price is above 40000.
• b. Since P-value is very small we are very confident that the averages are different.
• c. Since P-value is very small we are confident that the slope of regression line is not zero.
• d. None of these.

4. Conclusion

• a. Yes, I am confident that the above assertion is correct.
• b. No, we cannot claim that the above assertion is correct.