Question 3
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 * 1.34Toyota 27 165 124 143.65 9.5 **
d) Assuming normality, construct and interpret a 90% confidence interval for the average monthly earning from Toyota Vehicles.
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