Answer:
The test statistics is
Step-by-step explanation:
From the question we are told that
The sample size is n = 100
The null hypothesis is
The alternative hypothesis is
The sample mean is
The standard deviation is
The level of significance is
Generally the test statistics is mathematically represented as
=>
=>
Answer:
Part a)
Part b)
Part c) Standard Daily Rate plus Mileage plan
Step-by-step explanation:
Part a) What would be the cost of the Standard Daily Rate plus Mileage plan?
Let
y ----> the total cost
x ----> the number of kilometers
we have that
For a Luxury car
For x=400 km
substitute
Part b) What would be the cost of the Unlimited Mileage plan?
we know that
The Unlimited Mileage plan for a Luxury car is $105 per day (see the table)
The trip are three days
so
To find the total cost multiply $105 by 3
Part c) Which is the better plan?
Compare
therefore
For this trip the better plan is the Standard Daily Rate plus Mileage plan