carprice
30. New Car Prices. Kelley's Blue Book (www.kbb.com) publishes data on new and used cars. The following table contains the fair market value for five new 2013 and 2014 vehicles (data recorded July 2014). Test whether prices have risen. That is, test whether the population median of the difference in price is greater than zero, using level of significance .
| Toyota Camry |
Honda Civic |
Ford 150 |
Chevy Corvette |
Tesla Model S |
|
|---|---|---|---|---|---|
|
2014 (Sample 1) |
$20,672 | $17,069 | $24,362 | $45,684 | $68,738 |
|
2013 (Sample 2) |
$20,284 | $16,499 | $22,674 | $44,021 | $68,674 |