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Learning Goal: I’m working on a business multi-part question and need an explana

by | Dec 20, 2021 | Business | 0 comments

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Learning Goal: I’m working on a business multi-part question and need an explanation and answer to help me learn.Note: This Assignment
consists of two parts. You will complete and submit Part 1 this week,
and you will complete and submit Part 2 in Week 5.Companies often develop and test hypotheses
about their products. For example, car manufacturers will test their
cars to determine fuel efficiency and miles per gallon. To ensure that
products are safe and that they perform as advertised, regulatory and
consumer protection groups also test companies’ claims.For this Assignment, you are working at a firm
that conducts independent testing for heavy industry. Recently, an
automobile manufacturer has been in the news for complaints about the
highway gas mileage of their latest model minivan. You receive a
contract from a consumer action group to test and write a report on the
company’s claim that its minivans get 28 miles per gallon on the
highway. The car company agrees to allow you to select randomly 35
low-mileage fleet minivans to test their highway mileage. Your test
results gave you the following data: 29.7 24.5 27.1 29.8 29.2 27.0 27.8 24.1 29.3 25.9 26.2 24.5 32.8 26.8 27.8 24.0 23.6 29.2 26.5 27.7 27.1 23.7 24.1 27.2 25.9 26.7 27.8 27.3 27.6 22.8 25.3 26.6 26.4 27.1 26.1To prepare for this Assignment:Review this week’s Learning Resources.
Refer to the scenario above and the data that was provided by the car company.
Refer to the Academic Writing Expectations for 2000/3000-Level Courses as you compose your Assignment.
Submit Part 1 of your report according to the following prompts.Part 1: Sample Mean, Standard Deviation, and Confidence IntervalComplete the following and include your results and responses in your report:Include a brief introduction that provides a context for the assignment you have been given by your firm.
Calculate a 95% confidence interval around your sample mean. (75 words, or 1 paragraph)Note: Include your calculations. If your calculations are submitted separately, make note of where they can be found.
Is the company’s claimed mean inside your confidence interval? (75 words, or 1 paragraph)
What does that result indicate about the company’s claim? (75 words, or 1 paragraph)
Note: For each prompt, be sure to
reference at least one scholarly source to support your answer. Use the
Week 4 Assignment Template, provided in this week’s Learning Resources,
to complete this Assignment.
Requirements: 4 pages   |   .doc file

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