A car dealership owner claims that the average price of the cars on his lot is less than
$
10...
![subject](/tpl/images/cats/User.png)
A car dealership owner claims that the average price of the cars on his lot is less than
$
10800
$
10800
. You test this claim by sampling 17 cars which have an average price of
$
10034
$
10034
. Assume the population standard deviation is
$
2838
$
2838
and the car prices are normally distributed.
At a
0.05
0.05
level of significance, is there enough evidence to reject
H
0
H
0
and support the claim of the owner?
No, because the p-value is
0.8665
0.8665
.
Yes, because the p-value is
0.1335
0.1335
.
Yes, because the p-value is
0.3936
0.3936
.
No, because the p-value is
0.1335
0.1335
.
No, because the p-value is
0.3936
0.3936
.
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Answers: 2
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