Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 408 Weeks Ago, 1 Day Ago
Questions Answered: 66690
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 02 Jan 2018 My Price 7.00

Runzheimer International

Runzheimer International, a management consulting firm specializing in transportation reimbursement, released the results of a survey on July 28, 2005. It indicated that it costs more to own a car in Detroit, an amazing $11,844 a year for a mid-sized sedan, than in any other city in the country. The survey revealed that insurance, at $5,162 annually for liability, collision, and comprehensive coverage, is the biggest single reason that maintaining a car in the Motor City is so expensive. A sample size of 100 car owners in Los Angeles was used to determine if the cost of owning a car was more than 10% less than in Detroit. A hypothesis test with a significance level of 0.01 and a standard deviation of $750 is used. Determine the probability that the test will conclude the cost of owning a car in Los Angeles is not more than 10% less than in Detroit when in fact the average cost is $10,361.

 

Answers

(5)
Status NEW Posted 02 Jan 2018 10:01 PM My Price 7.00

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