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1. A car dealer claims thut the average price of Honda Vios is at least P662,000.00. A client suspected that the claim is incorrect and found 1 that random sample of 15 similar vehicles has the mean price of P640,000.00 and standard deviation of P 24,000.00. Is there enough evidence to reject the dealer's claim at a = 0.05?

1. A car dealer claims thut the average price of Honda Vios is at least P662,000.00. A client suspected that the claim is incorrect and found 1 that random sample of 15 similar vehicles has the mean price of P640,000.00 and standard deviation of P 24,000.00. Is there enough evidence to reject the dealer's claim at a = 0.05?

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Answer the problem by finding the answers on the second picture. Answer number 1-6 using the problem. 

1. Define and illustrate the null hypothesis, alternative hypothesis, level of significance. 2. Identify the parameter to be tested. 3. Identify the appropriate form of test statistics. . 4. Identify the rejection and non-rajection regions and the critical values. 5. Make a conclusion base from the result you obtain ( --:- ~mninr 6. Identify if it is a Type I and Type Il errors in claims and decisions
Transcribed Image Text:1. Define and illustrate the null hypothesis, alternative hypothesis, level of significance. 2. Identify the parameter to be tested. 3. Identify the appropriate form of test statistics. . 4. Identify the rejection and non-rajection regions and the critical values. 5. Make a conclusion base from the result you obtain ( --:- ~mninr 6. Identify if it is a Type I and Type Il errors in claims and decisions
1. A car dealer claims thut the average price of Honda Vios is at least P662,000.00. A client suspected that the claim is incorrect and found 1 that random sample of 15 similar vehicles has the mean price of P640,000.00 and standard deviation of P 24,000.00. Is there enough evidence to reject the dealer's claim at a = 0.05?
Transcribed Image Text:1. A car dealer claims thut the average price of Honda Vios is at least P662,000.00. A client suspected that the claim is incorrect and found 1 that random sample of 15 similar vehicles has the mean price of P640,000.00 and standard deviation of P 24,000.00. Is there enough evidence to reject the dealer's claim at a = 0.05?
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