Question
An automobile dealer wants information regarding the proportion of customers who still own the car they purchased 5 years earlier. A random sample of 200
An automobile dealer wants information regarding the proportion of customers who still own the car they purchased 5 years earlier. A random sample of 200 customers finds that 85 still own the car they purchased 5 years earlier.
A. Calculate the sample proportion of customers who still own the car they bought. 5 years ago.
B. Construct a 95% confidence interval for the population proportion.
C. Conduct a hypothesis test of the claim that 40% of customers still own they purchased 5 years earlier.
D. Conduct a hypothesis test of the claim that 45% of customers still own the car they purchased 5 years earlier.
E. Conduct a hypothesis test of the claim that 50% of customers still own the car they purchased 5 years earlier.
Please include the test statistic, p-value, and whether to reject or fail to reject
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