National Car Rental Systems, Inc., commissioned the U.S. Automobile Club (USAC) to conduct a survey of the

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National Car Rental Systems, Inc., commissioned the U.S. Automobile Club (USAC) to conduct a survey of the general condition of the cars rented to the public by Hertz, Avis, National, and Budget Rent-a-Car.* USAC officials evaluate each company's cars using a demerit point system. Each car starts with a perfect score of 0 points and incurs demerit points for each discrepancy noted by the inspectors. One measure of the overall condition of a company's cars is the mean of all scores received by the company (i.e., the company's fleet mean score). To estimate the fleet mean score of each rental car company, 10 major airports were randomly selected, and 10 cars from each company were randomly rented for inspection from each airport by USAC officials (i.e., a sample of size n = 100 cars from each company's fleet was drawn and inspected).
a. Describe the sampling distribution of x, the mean score of a sample of n = 100 rental cars.
b. Interpret the mean of x in the context of this problem.
c. Assume LL = 30 and cr = 60 for one rental car company. For this company, find P( > 45).
d. Refer to part c. The company claims that their true fleet mean score "couldn't possibly be as high as 30." The sample means score tabulated by USAC for this company was 45. Does this result tend to support or refute the claim? Explain. Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Statistics For Business And Economics

ISBN: 9780321826237

12th Edition

Authors: James T. McClave, P. George Benson, Terry T Sincich

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