An automotive manufacturer claims the mean price of a small SUV is at most exist

Question

An automotive manufacturer claims the mean price of a small SUV is at most exist25, 081. If a hypothesis test is performed, how should you interpret a decision that (a) rejects the null hypothesis and (b) fails to reject the null hypothesis? (a) Choose the correct answer below. A. There is enough evidence to support the claim that the mean price of a small SUV is at most exist25, 081. B. There is enough evidence to reject the claim that the mean price of a small SUV is at most exist25, 081. C. There is not enough evidence to reject the claim that the mean price of a small SUV is at most exist25, 081. D. There is not enough evidence to support the claim that the mean price of a small SUV is at most S25, 081. (b) Choose the correct answer below. A. There is enough evidence to reject the claim that the mean price of a small SUV is at most exist25, 081. B. There is not enough evidence to reject the claim that the mean price of a small SUV is at most exist25, 081. C. There is enough evidence to support the claim that the mean price of a small SUV is at most exist25, 081. D. There is not enough evidence to support the claim that the mean price of a small SUV is at most exist25, 081.

Explanation / Answer

a) given that null hypothesis is rejected. There is enough evidence to support the claim that the mean price of small SUV is at most 25081. Answer is A)

b) Given that Fail to reject the null hypothesis. There is not enough evidence to support the claim that the mean price of SUV is almost 25081. Answer is D)

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