The mean mite Ice used cars is $10,937. A manager of a Kansas City used car dealership reviewed a sample of 50 recent used car sales at the dealership in an attempt to determine whether the population moon price for used cars at this particular dealership differed from the national mean. The prices for the sample of 50 cars are shown in the table below.

a. formulate the hypotheses dui can be used to determine whether a deference exists In the mean price for used cars at the dealership.

H _o : ? _______ $10,937

H _a : ? _______ $10,937

b. What is the p-value Enter if your answer is negative?

T-value ___ (to 3 decimals)

P-value ______

c. At ? 0.02, what is your conclusion?

______ the null. ______ conclude the population mean price at this dealership differs from the national mean price $ 10,937.

Transcribed Image Text:

10,282 9,974 6,580 11,143 10,180 8,775 9,193 6,542 11,151 6,400 7,247 12,364 7,238 11,429 12,965 12,789 12,236 8,100 6,851 11,966 8,935 11,855 12,212 7,130 6,767 10,128 9,923 8,720 12,286 9,499 11,894 12,941 8,833 12,276 10,983 6,576 9,714 12,339 8,870 13,085 10,136 11,894 9,217 12,243 10,960 13,108 12,726 12,282 9,452 7,424 10,282 9,974 6,580 11,143 10,180 8,775 9,193 6,542 11,151 6,400 7,247 12,364 7,238 11,429 12,965 12,789 12,236 8,100 6,851 11,966 8,935 11,855 12,212 7,130 6,767 10,128 9,923 8,720 12,286 9,499 11,894 12,941 8,833 12,276 10,983 6,576 9,714 12,339 8,870 13,085 10,136 11,894 9,217 12,243 10,960 13,108 12,726 12,282 9,452 7,424

Answer rating: 100% (QA)

From data first we find x xin 50781350 1015626 and std deviation a H o 109... View the full answer