A used car dealer says that the mean price of a three-year-old sport utility vehicle in good

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A used car dealer says that the mean price of a three-year-old sport utility vehicle in good condition is $18,000. A random sample of 20 such vehicles has a mean price of $18,450 and a standard deviation of $1140. At =0.08, can the dealer's claim be supported assuming the population is normally distributed?

Posted Date: May 19, 2024 08:05 AM

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A used car dealer says that the mean price of a three-year-old sport utility vehicle in good

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