Question

The mean price for used cars is $10,681. A manager of a Kansas City used car...

The mean price for used cars is $10,681. A manager of a Kansas City used car dealership reviewed a sample of 50 recent used car sales at the dealership in an attempt to determine whether the population mean price for used cars at this particular dealership differed from the national mean. The prices for the sample of 50 cars are contained in the Excel Online file below. Construct a spreadsheet to answer the following questions.
Sale Price
11068 Sample Size 50
11735
9145 Sample Mean (to the whole number)
6786
11780 Sample Standard Deviation (to the whole number)
11389
6471 Hypothesized Mean 10681
12100
8176 Test Statistic (3 decimals)
11639
8400 Degrees of Freedom
8086
12654 p-value (4 decimals)
8875
11482 Level of Significance (Alpha) 0.02
6568
6390 Reject Null Hypothesis?
6561
7642 Can conclude the population mean price at this dealership differs from the national mean price?
6841
8066
6605
10486
8843
9653
10360
12705
7856
11700
12101
11650
11304
9725
8607
11387
6475
7229
8945
7525
7109
12363
10625
12326
9690
6776
13198
8468
7862
12212
12723

What are the test statistic and the p-value? Do not round intermediate calculations.

test statistic (to 3 decimals)
p-value (to 4 decimals)
Math   Statistics-And-Probability   
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