Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

FEEDBACKMORE INSTRUCTIONSUBMIT An economist claims that the proportion of people who plan to purchase a fully electric vehicle as their next car is greater than

FEEDBACKMORE INSTRUCTIONSUBMIT

An economist claims that the proportion of people who plan to purchase a fully electric vehicle as their next car is greater than 65%.

To test this claim, a random sample of 750 people are asked if they plan to purchase a fully electric vehicle as their next car Of these 750 people, 513 indicate that they do plan to purchase an electric vehicle.

The following is the setup for this hypothesis test:

H0:p=0.65

Ha:p>0.65

Find the p-value for this hypothesis test for a proportion and round your answer to 3 decimal places.

The following table can be utilized which provides areas under the Standard Normal Curve:

z 0.00 0.01 0.02 0.03 0.04 0.05 0.06 0.07 0.08 0.09
1.5 0.933 0.934 0.936 0.937 0.938 0.939 0.941 0.942 0.943 0.944
1.6 0.945 0.946 0.947 0.948 0.949 0.951 0.952 0.953 0.954 0.954
1.7 0.955 0.956 0.957 0.958 0.959 0.960 0.961 0.962 0.962 0.963
1.8 0.964 0.965 0.966 0.966 0.967 0.968 0.969 0.969 0.970 0.971
1.9 0.971 0.972 0.973 0.973 0.974 0.974 0.975 0.976 0.976 0.977

Provide your answer below:

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Geometry

Authors: David A Brannan, Matthew F Esplen, Jeremy J Gray

1st Edition

1107299292, 9781107299290

More Books

Students also viewed these Mathematics questions

Question

Monitor and progress along your own career path LO1

Answered: 1 week ago