UsedCars Homework 1 statistics .xlsx - Sale Price 12400 10400 12100 10000 11000 8895 7675 9975 6350 10470 9895 11250 8795 12500 9340 10150 9200 9395

UsedCars Homework 1 statistics .xlsx - Sale Price 12400...

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Sale Price Formulate the hypotheses that can be used to determine whether a differe 12400 10400 H0: Mu=10192 12100 Ha: Mu (not = ) 10192 10000 11000 8895 7675 9975 What is the p-value? hyp mean 10192 6350 n 50 10470 x bar 9750 9895 0.030189 stard dev 1399.999 df 11250 p value -2.23244 8795 12500 At α = 0.05, what is your conclusion? 9340 10150 Reject H0 since p value <= 0.05
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  • Spring '14
  • Statistics, sale price, mean price, Hyp Mean, stard dev

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