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Questions 12-15:A dealer claims that the price of a car is $20,500 You think thats wrong so yo sample 14 similar cars and find a mean price of $19,850 with a standard deviation of $1184 Find the test statistic (t.s.) for your sample. (the formula is: 1 a)2.24 b)-2.24 c)-16 d) .16 e) none ofthese Find the critical t-score (t) for the two tailed test with α-05. , a) ±1.96 b) ±2.16 c) ±1.77 d) ±1.76 e) none of these
14. Find the critical t-score (te) for the two tailed test with a-.01. a) +2.58 b) t3.01 c) 2.62 d) t2.65 e) none of these Therefore, the conclusion for this hypothesis test is: a) reject Ho at α-.05 and FTR Ho at α-.01 c) reject Ho at α = .01 and FTR Ho at α = .05 15. b) reject Ho at α-.05 and α .01 d) FIR Ho at α-05 and α-,01 e) none of these
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