According to a inasing firm's reports, the mean number of miles driven annually in its leased cers is 12,480 miles with

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According To A Inasing Firm S Reports The Mean Number Of Miles Driven Annually In Its Leased Cers Is 12 480 Miles With 1 (42.49 KiB) Viewed 29 times

According to a inasing firm's reports, the mean number of miles driven annually in its leased cers is 12,480 miles with a standard deviation of 1580 miles. The company recently starting using new contracts which require customers to have the cars serviced at their own expense. The company's owner believes the mean tumber of miles driven annually under the new contracts, j, is less than 12,480 miles. He takes a random sample of 40 cars under the new contracts. The cars in the sample had a mean of 11,841 annual miles driven. Assume that the population is normally distributed. Is there support for the claim, at the 0.01 level of significance, that the population mean number of miles driven annually by cars under the new contracts, is less than 12,480 miles? Assume that the population standard deviation of miles driven annually was not affected by the change to the contracts. Perform a one-talled test. Then complete the parts below. Carry your intermediate computations to three or more decimal places, and round your responses as specified below. (If necessary, consult a list of forms) (a) State the null hypothesis H, and the alternative hypothesis H. p Ho R₁ :0 (b) Determine the type of test statistic to use. (Choose one) ▼ (c) Find the value of the test statistic. (Round to three or more decimal places.) (4) Find the p-value. (Round to three or more decimal places.) (e) Can we support the claim that the population mean number of miles driven annually by cars under the new contracts is less than 12,480 miles? Yes No F XI D 55 CA plo % 8 ロマロ D-00 DWD 0<0 DO 3 ?