Question: The Farmers Insurance Company performed crash tests on a random sample of ten 2006 Corvettes at 35 mph.  The damages to each of the Corvettes were:

$11,000, 8500, 11,200, 12,300, 7900, 8350, 10,700, 10,900, 12,750, 11,400.

1. Find the 90%, 95%, and 99% confidence intervals for the mean damage in dollars for all 2006 Corvettes if they were subject to this crash test.
2. Use hypothesis testing to see if these test results provide sufficient evidence for the insurance company to conclude that the damage to all 2006 Corvettes would be less than $11,000. Use all three levels of significance \[\alpha \] = .01, .05, and .10.

Price: $2.99

Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document