A Question That Would Lead Us to the Hypothesis

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Category: Business and Industry

Date Submitted: 07/25/2012 04:31 AM

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Terrisa Rodgers

Team Assig. Wk 3

First Bullet

11/2/11

The members of Team B are lead to believe that the mean value of the automobiles at Whitner is more than the mean value of automobiles at ABC. Team B has to formulate both a numerical and verbal hypothesis statement regarding this research issue. This paragraph will explain how the team came up with these results. Team B will attempt to do two hypothesis tests on the data sets of both, Whitner Autos and ABC Autos. The essayists of the test will formulate a numerical and verbal statement, perform five steps of a hypothesis and describe the teams’ results to the best of the team’s ability. The biographers will also include in the paper the calculations and graphics.

The drive of this investigation is to decide if the mean value of automobiles at Whitner Autos (without a doubt) is greater than the mean value of autos at ABC Autos. Out of 80 samples given, Whitner had 40 vehicles in its sample: 15 domestic and 25 imported vehicles. ABC had a sample size of 40 vehicles: 15 domestic and 25 imported vehicles. For Whitner Autos the prices range anywhere from $19,587- $35,851 for domestic cars and the price ranges for Whitner imports range from $ 15,546 - $ 28,683. The prices for domestic cars over at ABC Autos are between the prices of $ 20,356 and $ 35,925 and the prices for imports are between $ 15,794 and $ 29,076.