Question : Customers believe that the mean price (in Rs.) of 1000cc cars in Turkey is less than the average price of 800
Posted: Sun Oct 03, 2021 3:41 pm
Question
:
Customers believe that the mean
price (in Rs.) of 1000cc cars in Turkey is less than the average
price of 800cc cars in Pakistan, which is Rs. 1,150,000. The given
population standard deviation is Rs. 170084. A random sample of 25
cars from the system is selected, and the mean price of the sample
is 950,000. The level of significance is α = 0.05. Apply Fisher’s
exact test and draw a two-tailed graph?
:
Customers believe that the mean
price (in Rs.) of 1000cc cars in Turkey is less than the average
price of 800cc cars in Pakistan, which is Rs. 1,150,000. The given
population standard deviation is Rs. 170084. A random sample of 25
cars from the system is selected, and the mean price of the sample
is 950,000. The level of significance is α = 0.05. Apply Fisher’s
exact test and draw a two-tailed graph?