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Congress regulates corporate fuel economy and sets an annual gas mileage for cars. A company with...

Congress regulates corporate fuel economy and sets an annual gas mileage for cars. A company with a large fleet of cars hopes to meet the goal of 34.2 mpg or better for their fleet of cars. To see if the goal is being met, they check the gasoline usage for 45 company trips chosen at random, finding a mean of 37.20 mpg and a standard deviation of 5.29 mpg. Is this strong evidence that they have attained their fuel economy goal? Use 0.05 as the P-value cutoff level. What is the P-value

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null hypothesis Alternate Hypothesis 34.2 34.2 for 0.05 level with right tailed test and n-1-44 degree of freedom, critical value of t- Decision rule: 1.680 reject Ho if test statistic t>1.68 population mean sample mean sample size sample std deviation 34.2 37.20 45.00 5.29 standard errror of meanS-s/Vn- 0.789 test staisic t (X-μ)/s,- 3.804 = p value 0.0002

as p value is less then 0.05 level we reject null hypothesis and conclude that company meet the goal of 34.2 mpg or better for their fleet of cars.

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