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...


You are required to test at the 5% level of significance the hypothesis that the average monthly earnings on Hyundai Vehicles is equal to $110,000 versus the alternative that it is different from $110,000.




Complete the following:


a) State the decision rule.


b) Give your decision based on the available sample evidence.


c) Hence, state your conclusion.


A car company wants to know the monthly sales made in ($000), based on the brand of vehicle<br>The data collected was entered on a MINITAB spreadsheet for analysis. Exhibit II below was<br>subsequently generated.<br>Exhibit 2<br>Model<br>N<br>Mean<br>Median<br>Tri.Mean<br>Std Dev<br>S.E. Mean<br>135<br>Hyundai<br>Тоyota<br>23<br>109<br>107.64<br>1.34<br>27<br>165<br>124<br>143.65<br>9.5<br>**<br>

Extracted text: 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 135 Hyundai Тоyota 23 109 107.64 1.34 27 165 124 143.65 9.5 **

Jun 09, 2022
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