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General Motors recently announced that they plan to make exclusively electric cars by 2035. Suppose this is based in part on focus groups which indicated
General Motors recently announced that they plan to make exclusively electric cars by 2035. Suppose this is based in part on focus groups which indicated that approximately 60% of Americans would be willing to spend at least $5000 extra up front on an electric car if they would save that money on gas within several years. A survey firm decides to test this claim with a national survey of 600 randomly selected people. Define your parameter and the null and alternative hypothesis. Suppose their survey finds 337 people who are willing to spend at least $5,000 more on an electric vehicle. Calculate the sample proportion and determine if this provides convincing evidence that GM's claim is inaccurate
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