Performing the null hypothesis

Reference no: EM13109074

A car dealership is worried that Hondas are getting lower sales than Hyundai. Two independent random samples have been selected 630 observations from population 1 (Hondas) and 610 from population 2 (Hyundai). The sample means obtained are X1(bar)=$46 k and X2(bar)=$47 k. It is known from previous studies that the population variances are 4.1 and 5.0 respectively. Using a level of significance of .05, is there evidence that the Hondas are receiving lower sales? Fully explain your answer.

Reference no: EM13109074

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