Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 2 1 / 2 pts A publisher reports that 74% of their readers own a particular make of car. A marketing executive wants to
Question 2 1 / 2 pts A publisher reports that 74% of their readers own a particular make of car. A marketing executive wants to test the claim that the actual percentage is actually less than the reported percentage. A random sample of 310 found that 70% of readers owned a particular make of car. Is there sufcient evidence at the 0.02 level to support the executive's claim? Note: pvalue must be found by using the ztable (cumulative normal distribution table). p_va|ue = 0.0548 Conclusion (write R for "reject H0", and F for "fail to reject H0"): F Answer 1: 0.0548 Answer 2: F
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started