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...



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                  *                      1.34
Toyota                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.




Jun 01, 2022
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