According to the U.S. Department of Transportation, the median age of automobiles and trucks on the road

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According to the U.S. Department of Transportation, the median age of automobiles and trucks on the road in the United States is about 8 years. The ages for a random sample of vehicles in the executive parking lot of a metal fabrication company are listed in file XR14059. Using the sign test and the 0.05 level of significance, examine whether the median age for cars driven to work by the company’s executives might be less than the median reported by the Department of Transportation. Identify and interpret the p-value for the test.

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Introduction To Business Statistics

ISBN: 9780324381436

6th Edition

Authors: Ronald M. Weiers

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