A car company wants to know the monthly sales made in ($000), based on the brand of vehicle. The data collected was entered on a MINITAB spreadsheet for analysis. Exhibit II below was subsequently...


A car company wants to know the monthly sales made in ($000), based on the brand of vehicle. The data collected was entered on a MINITAB spreadsheet for analysis. Exhibit II below was subsequently generated.


                                 Exhibit 2


Model       N      Mean      Median      Tri.Mean      Std Dev     S.E. Mean
Hyundai    23       109          135            107.64           *             1.34
Toyota       27       165          124           143.65          9.5            **



1. State the decision rule.


2. Give your decision based on the available sample evidence.


3. Hence, state your conclusion.




Jun 04, 2022
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