Price of a random sample


The listing price of a random sample of two-year-old Honda Civics was obtained for four cities in the United States. The data are summarized in the table below. Assume that prices of two-year-old Honda Civics are normally distributed.

    Chicago

    Los Angeles

    New York

    Honolulu

    $18,995

    $22,995

    $17,997

    $19,300

    $18,495

    $17,000

    $14,500

    $23,950

    $13,999

    $18,982

    $17,990

    $23,595

    $16,995

    $18,990

    $16,800

    $19,925

    $17,850

    $19,988

    $15,995


    $19,995

    $21,595



    1. Write the null and alternative hypotheses.

    2. Find the F-test statistic.

    3. Use the following output to test the hypothesis of equal means at the ? = 0.05 level of significance.

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    Basic Statistics: Price of a random sample
    Reference No:- TGS0714571

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