Question: I need help with b Suppose a guidebook gives a certain car a retail value of $18,000. The table below shows askingprices, indollars, for a
I need help with b
Suppose a guidebook gives a certain car a retail value of $18,000. The table below shows askingprices, indollars, for a sample of the same car model and year. At the 5% significancelevel, do the data provide sufficient evidence to conclude that the mean asking price of the car is less than the listed retailvalue?
16,533
16,178
16,094
15,978
15,751
15,669
14,550
13,427
15,660
15,601
A. Set up the hypotheses for the Wilcoxonsigned-rank test.
H0: = 18000 , Ha: < 18000
B. The test statistic is W =?
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