AutoTrader. com claims that the median selling price of used cars during 2014 was $ 9,275. To

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AutoTrader. com claims that the median selling price of used cars during 2014 was $ 9,275. To test this claim, the following random sample of 2014 used car sales was collected. These data can also be found in the Excel file AutoTrader. xlsx.

Using Î± = 0.05, perform a hypothesis test to determine if AutoTrader€™s claim is supported by this sample.

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Business Statistics

ISBN: 9780321925121

2nd Edition

Authors: Robert A. Donnelly

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Question Posted: Jul 29, 2015 05:31 AM

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AutoTrader. com claims that the median selling price of used cars during 2014 was $ 9,275. To

Question:

$14,840 $2,660 $7,800 $7,640 $10,750 $4,325 6,280 $21,100 $7,690 $6,985 S3.800

Step by Step Answer:

H 0 Median 9275 H 1 Median 9275 S 8 the larger of the values 8 and 3 ...View the full answer

Business Statistics

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