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April 17, 2014

Homework Help: statistics

Posted by c on Monday, May 16, 2011 at 7:50am.

one of the major U.S. tire makers wishes to review its warranty for their rainmaker tire. The warranty is for 40,000 miles. The tire company beleives that the tire actually lasts more than 40,000 miles. A sample of 49 tires reveales that the mean number of miles is 45,000 miles with a standard deviation of 15,000 miles. Test the hypothesis with a 0.05 significance level. What is the decision rule? What is the calculated value of z? what is our decision?

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