When 100 Randomly Selected Car Owners Are Surveyed,it Is Found

question 13

Essay

When 100 randomly selected car owners are surveyed,it is found that the mean length of time they plan to keep their car is 7.01 years,and the population standard deviation is 3.74 years.Calculate the appropriate test statistic to test the claim that the mean for all car owners is less than 7.5 years.

---

Definitions:

Warranty Deed

A legal document in real estate transactions that guarantees the seller holds clear title to the property and has the right to sell it.

Adjacent

Being next to or near something else, typically referring to physical location.

Parking Lot

An area designated for the parking of vehicles, typically found outside commercial or public buildings.

Warehouse

A large building where raw materials or manufactured goods are stored before their distribution for sale.