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University of Texas, Rio Grande Valley *

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3341

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Marketing

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Nov 24, 2024

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Solution 4 of 4 B8 Tables A publisher reports that 76 % of their readers own a particular make of car. A marketing executive wants to test the claim that the percentage is actually different from the reported percentage. A random sample of 200 found that 72 % of the readers owned a particular make of car. Is there sufficient evidence at the 0.01 level to support the executive's claim? When performing a hypothesis test using P-values: e |f the P-value is less than or equal to a, then reject the null hypothesis. e If the P-value is greater than a, then we fail to reject the null hypothesis. Comparing the P-value we calculated to the level of significance, we see that 0.1868 > 0.01, so we fail to reject the null hypothesis. Since we failed to reject the null hypothesis, that means that there is not sufficient evidence to support the claim that the percentage of readers who own a particular make of car is different from 76 % . Correct Answer: There is not sufficient evidence to support the claim that the percentage of readers who own a particular make of car is different from 76 % .
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