Question

In: Statistics and Probability

(1 point) Fueleconomy.gov, the official US government source for fuel economy information, allows users to share...

(1 point) Fueleconomy.gov, the official US government source for fuel economy information, allows users to share gas mileage information on their vehicles. The histogram below shows the distribution of gas mileage in miles per gallon (MPG) from 14 users who drive a 2012 Toyota Prius. The sample mean is 53.3 MPG and the standard deviation is 5.2 MPG. Note that these data are user estimates and since the source data cannot be verified, the accuracy of these estimates are not guaranteed. Report all answers to 4 decimal places.

1. We would like to use these data to evaluate the average gas mileage of all 2012 Prius drivers. Do you think this is reasonable? Why or why not?

? Yes No , because  ? the data distribution seems approximately normal there are 14 data points in the sample user estimates are reliable user estimates are not reliable .

The EPA claims that a 2012 Prius gets 50 MPG (city and highway mileage combined). Do these data provide strong evidence against this estimate for drivers who participate on fueleconomy.gov? Conduct a hypothesis test. Round numeric answers to 3 decimal places where necessary.

2. What are the correct hypotheses for conducting a hypothesis test to determine if these data provide strong evidence against this estimate for drivers who participate on fueleconomy.gov? (Reminder: check conditions)

A. ?0:?=50H0:μ=50 vs. ??:?≠50HA:μ≠50
B. ?0:?=50H0:μ=50 vs. ??:?>50.3HA:μ>50.3
C. ?0:?=53.3H0:μ=53.3 vs. ??:?≠53.3HA:μ≠53.3
D. ?0:?=50.3H0:μ=50.3 vs. ??:?<50HA:μ<50

3. Calculate the test statistic.

4. Calculate the p-value.

5. How much evidence do we have that the null model is not compatible with our observed results?

A. some evidence
B. little evidence
C. extremely strong evidence
D. strong evidence
E. very strong evidence

6. Calculate a 95% confidence interval for the average gas mileage of a 2012 Prius by drivers who participate on fueleconomy.gov.

( ,  )

Solutions

Expert Solution

using excel>addin>phstat>onesample t

we have

t Test for Hypothesis of the Mean
Data
Null Hypothesis                m= 50
Level of Significance 0.05
Sample Size 14
Sample Mean 53.3
Sample Standard Deviation 5.2
Intermediate Calculations
Standard Error of the Mean 1.389758458
Degrees of Freedom 13
t Test Statistic 2.374513342
Two-Tail Test
Lower Critical Value -2.160368656
Upper Critical Value 2.160368656
p-Value 0.033651112
Reject the null hypothesis
Confidence Interval Estimate for the Mean
Data
Sample Standard Deviation 5.2
Sample Mean 53.3
Sample Size 14
Confidence Level 95%
Intermediate Calculations
Standard Error of the Mean 1.389758458
Degrees of Freedom 13
t Value 2.160368656
Interval Half Width 3.002390613
Confidence Interval
Interval Lower Limit 50.30
Interval Upper Limit 56.30

Ans 1 ) yes because   the data distribution seems approximately normal there are 14 data points in the sample user estimates are reliable .

Ans2 ) A. ?0:?=50vs. HA:μ≠50

3. the test statistic. t=2.3745

4. the p-value. =0.0337

5
D. strong evidence

6. a 95% confidence interval for the average gas mileage of a 2012 Prius by drivers who participate on fueleconomy.gov. is (50.30,56.30)


Related Solutions

Fueleconomy.gov, the official US government source for fuel economy information, allows users to share gas mileage...
Fueleconomy.gov, the official US government source for fuel economy information, allows users to share gas mileage information on their vehicles. The histogram below shows the distribution of gas mileage in miles per gallon (MPG) from 14 users who drive a 2012 Toyota Prius. The sample mean is 53.3 MPG and the standard deviation is 5.2 MPG. Note that these data are user estimates and since the source data cannot be verified, the accuracy of these estimates are not guaranteed. Report...
Money & Banking ,Evaluating Economic Performance, Government & the Economy. 1.   What has the US government done...
Money & Banking ,Evaluating Economic Performance, Government & the Economy. 1.   What has the US government done to create economic growth, stability, full employment, freedom, security, equity, and efficiency?   2. Have these policies been successful in reaching the economic goals of the United States? In your response to #2 you should address how gross domestic product, inflation, and gross domestic product per capita were affected.
Suppose that, in an economy, every shop allows electronic payment by making more point of sales...
Suppose that, in an economy, every shop allows electronic payment by making more point of sales (POS) terminals available. What are the effects of this facility on the demand for money and on the price level?
the u.s is a large economy with a trade deficit. suppose the us fedral government permanently...
the u.s is a large economy with a trade deficit. suppose the us fedral government permanently increase income tax. how will this policy affects the us saving investment, real interest rate and capitall flows? is it possible yo use monetary policy to prevent changes due to this tax policy? if yes how
What is government financial condition? What is the major source for information about financial condition? How...
What is government financial condition? What is the major source for information about financial condition? How can we obtain information for financial condition analysis?
Each answer will need to identify the source of the term (1 point), define the term...
Each answer will need to identify the source of the term (1 point), define the term according to the source (2 points), and demonstrate the significance of this term in order to understand the role of science and technology in global development (2 points). Each answer should be at least 5 sentences. Multiple sciences The Invention of Development Dependency Structural Adjustment Policies Brundtland Commission Imagined Communities Monumental Modernity The Workings of Disrepair
1 Current government policy In this year, the US government decide to cut tax to stimulate...
1 Current government policy In this year, the US government decide to cut tax to stimulate economic growth. Meantime, the US government raise the tariff against a list of imported goods from Asian countries. Use the open economy IS? ?LM? model to graphically explain how a combination of the fiscal and trade policy will affect the real exchange rate and the real output in equilibrium.
1. Who the Users of financial statement information are and the different purposes they are used...
1. Who the Users of financial statement information are and the different purposes they are used for.
1. Suppose the federal government allows labor unions to act as the sole seller in labor...
1. Suppose the federal government allows labor unions to act as the sole seller in labor markets, but the government collects a $1 per hour fee to cover unemployment insurance for each union worker. Assuming this fee is not so large that it forces the unions to disband, what is the impact of this fee on the equilibrium wage and employment level in the monopolized labor market? After-tax wages increase and employment declines. After-tax wages and employment decline. No change...
1. In an open economy, what is the source of supply in the foreign-currency exchange market?...
1. In an open economy, what is the source of supply in the foreign-currency exchange market?   A. Net exports B. Exports C. Investment and Net Capital outflow D. Net Capital outflow Next question:::   2. When there is a budget deficit, will net exports increase or decrease?   Next question:::   3. You have just been hired by the Canadian government to analyze the following scenario. Suppose the Canadian pharmaceutical industry is concerned with foreign prescription drug producers exporting...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT