A car dealership claims to give customers a median trade-in offer of at least $6000. A
random sample of 103 transactions revealed that the trade-in offer for 60 automobiles was
less than $6000 and the trade-in offer for 40 automobiles was more than $6000. At 0.01
significance level, can you reject the dealership’s claim?

 

Answer rating: 100% (QA)

To check whether we can reject the dealerships declare that the median tradein provide is at the least 6000 we can use the onlypattern signal check Th... View the full answer