Question

$53,458

$30,271

$21,136

$15,200

$25,200

$16,791

$35,669

$56,535

$73,767

$19,113

Using the data set above, the mean is 34,714 and the standard deviation is 19,982.17.

p=.6 and q=.4.

Using the data set above determine the following: A town official claims that the average vehicle in their area sells for more than the 40th percentile of your data set. Run a hypothesis test to determine if the claim can be supported. Please state all the important values.

First determine if you are using a z or t-test and explain why. Then conduct a four-step hypothesis test including a sentence at the end justifying the support or lack of support for the claim and why you made that choice.

Answer 1

The solution to this problem is given by