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MBA 6300-Ford Motor Company is confident that its 2016 F-150

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January 11th, 2018

Take Test: Dr. Mike’s Midterm Exam – MBA.6300.DIS.B1T02….Ford Motor Company is confident that its 2016 F-150 truck gets 26 miles per gallon on the highway. Before they begin to advertise this fact they want to be 99% certain of their claim. To accomplish this, they take a random sample of 250 trucks and measure their gas mileage. The average was 24.95 mpg with a population standard deviation of 4.65 mpg. Calculate the Upper and Lower Confidence Interval values AND can Ford make the claim that their trucks will get 26 mpg on the highway.

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