Question

Screen Shot 2019-09-24 at 9.26.08 PM Q Search 13114 12490 11941 9011 6787 9203 The mean price for used cars is $10,619. A manager of a Kansas City used car dealership reviewed a sample of 50 recent used car sales at the dealership in an attempt to determine whether the population mean price for used cars at this particular dealership differed from the national mean. The prices for the sample of 50 cars are contained in the Excel Online file below. Construct a spreadsheet to answer the following questions. Open spreadsheet a. Formulate the hypotheses that can be used to determine whether a difference exists in the mean price for used cars at the dealership. 6691 10990 6930 9666 7752 8083 10214 9995 10025 8614 8247 13183 11258 12131 12270 7290 9996 10990 12899 8959 11771 12246 6613 6793 6896 8758 9853 7049 12412 6585 12963 7239 11039 9863 10062 7660 12726 9511 8156 6411 6876 11794 11372 6940 HOME H : $10,619 $10,619 b. What are the test statistic and the p-value? Do not round intermediate calculations. (to 3 decimals) (to 4 decimals) p-value c. At a = 0.02, what is your conclusion? the null hypothesis. We have evidence to conclude that the population mean price at this dealership differs from the national mean price of $10,619. Check My Work Reset Problem

Answer 1