Jet Boats For Sale Test Statistic And Statistical Assessment?

Test statistic and statistical assessment? - jet boats for sale

According to the Australian Gold Coast Jet Ski Dealers Association, the average price premium of $ A10, used jet skis, 300 A manager of a Gold Coast Jet Ski Dealers examined a sample of 100 recent sale of used boats at the dealer. The average price of the sample was 9500 and the standard deviation was $ A4, 700 Let M be the average jet-skis at the dealership, test-use

Ho: m = RM 10,300
Ha: m \\ \\ \\ \\ \\ \\ \\ \\ u0026lt; RM 10,300


a = 0.05 level of significance.

(a) What is the critical value of the test statistic and what is the rejection of the rule?
(b) Calculate the value of the test statistic.
(c) What is your conclusion? Write a brief report to analyze, to take its business to the statistical analysis of the situation and what other information to make decisions on the price of their product offering. Indicate where you will find more information or how to get more information, to help their business decisions on prices.