(See Solution) A company with large fleet of cars hopes to keep gasoline costs down and sets a goal of attaining a fleet average of at least 26 mpg. To
Question: A company with large fleet of cars hopes to keep gasoline costs down and sets a goal of attaining a fleet average of at least 26 mpg. To see if the goal is being met, they check the gasoline usage for 50 company trips chosen @ random, finding a mean of 25.02 mpg and a standard deviation of 4.83 mpg. Is this strong evidence that they have failed to attain their fuel economy goal.
- Write appropriate hypothesis.
- Are the necessary assumptions to perform inference satisfied?
- Test the hypothesis and find the P-value.
- Explain what the P-value means in this context.
- State the appropriate conclusion.
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