In what follows use any of the following tests/procedures: Regression, multiple regressions, confidence intervals, one-sided t-test or two-sided t-test. All the procedures should be done with 5% P-value or 95% confidence interval
Upload CARS data. SETUP: It is believed that Lincolns are heavier than 3500 pounds. Given the data your job is to confirm or disprove this belief. Lincoln Data: 3681 3681 3768 3768 4369 4369 4474
9. What test/procedure did you perform?
10. What is the P-value/margin of error?
11. Statistical Interpretation
12. Conclusion
Given,
X bar = 4015.714
μ0 = 3500
S = 366.615
n = 7
H0: μ0 = 3500
Ha: μ0 > 3500
9)
Confidence interval
95%CI | ||
tc | 2.446912 | T.INV.2T(D1,D2) |
ME | 339.0623 | tc*(S/SQRT(n)) |
Upper | 4354.777 | X bar + tc*(S/SQRT(n)) |
Lower | 3676.652 | X bar - tc*(S/SQRT(n)) |
10)
ME = 339.06234
Population Mean 3500 outside the interval. So, we reject H0
11)Statistical Interpretation
a. Due to small margin of error we are confident that the average mpg is above 3500.
12)Conclusion
a. Yes, I am confident that the above assertion is correct.
Get Answers For Free
Most questions answered within 1 hours.