Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

USA Today reported that about 47% of the general consumer population in the United States is loyal to the automobile manufacturer of their choice. Suppose

USA Todayreported that about 47% of the general consumer population in the United States is loyal to the automobile manufacturer of their choice. Suppose Chevrolet did a study of a random sample of1002Chevrolet owners and found that488said they would buy another Chevrolet. Does this indicate that the population proportion of consumers loyal to Chevrolet is more than 47%? Use= 0.01.(a) What is the level of significance? State the null and alternate hypotheses.

H0:p= 0.47;H1:p0.47H0:p> 0.47;H1:p= 0.47 H0:p= 0.47;H1:p> 0.47H0:p= 0.47;H1:p< 0.47

(b) What sampling distribution will you use?

The standard normal, sincenp> 5 andnq> 5.The Student'st, sincenp> 5 andnq> 5. The standard normal, sincenp< 5 andnq< 5.The Student'st, sincenp< 5 andnq< 5.

What is the value of the sample test statistic? (Round your answer to two decimal places.) (c) Find theP-value of the test statistic. (Round your answer to four decimal places.) Sketch the sampling distribution and show the area corresponding to theP-value.

(d) Based on your answers in parts (a) to (c), will you reject or fail to reject the null hypothesis? Are the data statistically significant at level?

At the= 0.01 level, we reject the null hypothesis and conclude the data are statistically significant.At the= 0.01 level, we reject the null hypothesis and conclude the data are not statistically significant. At the= 0.01 level, we fail to reject the null hypothesis and conclude the data are statistically significant.At the= 0.01 level, we fail to reject the null hypothesis and conclude the data are not statistically significant.

(e) Interpret your conclusion in the context of the application.

There is sufficient evidence at the 0.01 level to conclude that the true proportion of customers loyal to Chevrolet is more than 0.47.There is insufficient evidence at the 0.01 level to conclude that the true proportion of customers loyal to Chevrolet is more than 0.47.

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

Understanding Basic Statistics

Authors: Charles Henry Brase, Corrinne Pellillo Brase

6th Edition

978-1133525097, 1133525091, 1111827028, 978-1133110316, 1133110312, 978-1111827021

More Books

Students also viewed these Mathematics questions

Question

Describe contributions of Melanie Klein.

Answered: 1 week ago