Question

In 2016, a small dealership leased 21 Subaru Outbacks on 2-year leases. When the cars were...

  1. In 2016, a small dealership leased 21 Subaru Outbacks on 2-year leases. When the cars were returned in 2018, the mileage was recorded (see below). The data may be found in the file named “xlsx,” which is posted on Canvas under Modules under Chapter 9 Textbook Data files. Download the data file from Canvas, open in Excel, then copy and paste to Minitab.

40,060

24,960

14,310

17,370

44,740

44,550

20,250

33,380

24,270

41,740

58,630

35,830

25,750

28,910

25,090

43,380

23,940

43,510

53,680

31,810

36,780

  • a. Using the 10 percent level of significance, is the dealer's mean significantly greater than the national average of 30,000 miles for 2-year leased vehicles? Follow and show the 7 steps for hypothesis testing. (8 points)
  • b. Determine the p-value and interpret its meaning. (3 points)
  • c. What assumption must you make about the population distribution in order to conduct the test in part a? Is the assumption valid? Use and include an appropriate graph from Minitab. Write a couple of sentences supporting your answer. (5 points)
  • d. Verify your results (in parts a - c) using Minitab. (2 points)

Homework Answers

Answer #1

Solution:

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions