MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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A used car dealer says that the mean price of a three-year-old sports utility vehicle is $24,000. You suspect this claim is incorrect and find that a random sample of 24 similar vehicles has a mean price of $24 521 and a standard
deviation of $1913. Is there enough evidence to reject the claim at a=0.05? Complete parts (a) through (e) below. Assume the population is normally distributed.
...
(c) Find the standardized test statistic t.
t= 1.33 (Round to two decimal places as needed.)
(d) Decide whether to reject or fail to reject the null hypothesis.
O A. Fail to reject Ho because the test statistic is in the rejection region(s).
O B. Reject Ho because the test statistic is in the rejection region(s).
Q C. Fail to reject Ho because the test statistic is not in the rejection region(s).
O D. Reject Ho because the test statistic is not in the rejection region(s).
(e) Interpret the decision in the context of the original claim.
O A. At the 5% level of significance, there is sufficient evidence to reject the claim that the mean price is not $24,000.
O B. At the 5% level of significance, there is not sufficient evidence to reject the claim that the mean price is not $24,000.
O C. At the 5% level of significance, there is not sufficient evidence to reject the claim that the mean price is $24,000.
O D. At the 5% level of significance, there is sufficient evidence to reject the claim that the mean price is $24,000.
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Transcribed Image Text:A used car dealer says that the mean price of a three-year-old sports utility vehicle is $24,000. You suspect this claim is incorrect and find that a random sample of 24 similar vehicles has a mean price of $24 521 and a standard deviation of $1913. Is there enough evidence to reject the claim at a=0.05? Complete parts (a) through (e) below. Assume the population is normally distributed. ... (c) Find the standardized test statistic t. t= 1.33 (Round to two decimal places as needed.) (d) Decide whether to reject or fail to reject the null hypothesis. O A. Fail to reject Ho because the test statistic is in the rejection region(s). O B. Reject Ho because the test statistic is in the rejection region(s). Q C. Fail to reject Ho because the test statistic is not in the rejection region(s). O D. Reject Ho because the test statistic is not in the rejection region(s). (e) Interpret the decision in the context of the original claim. O A. At the 5% level of significance, there is sufficient evidence to reject the claim that the mean price is not $24,000. O B. At the 5% level of significance, there is not sufficient evidence to reject the claim that the mean price is not $24,000. O C. At the 5% level of significance, there is not sufficient evidence to reject the claim that the mean price is $24,000. O D. At the 5% level of significance, there is sufficient evidence to reject the claim that the mean price is $24,000. Next Textbook Calculator 7:58 PM 64°F 12/6/2021 T23 Type here to search (99+ 10/05/17 DO521 AU F5 PrtSc Insert Delete FO F8 F9 F12 F10 FIT 6 Backspace Num Lock E T Y Home S. G H. J K L Enter B +II V. * CO M LLI
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