8) The Discovery Automobile Company is attempting to determine if it should retain a previously popular sports car model called El Nino. A random sample of 500 consumers is obtained, and each person in the sample is asked if he/she would still consider purchasing an El Nino. To determine if El Nino should be retained, the sample proportion of respondents who said yes, p, is used at a level a = 0.05 to test the hypothesis Ho :P2 0.5 against H1 : P <0.5. What value of the sample proportion, p, is required to reject the null hypothesis?

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
8) The Discovery Automobile Company is attempting to determine if it should retain a
previously popular sports car model called El Nino. A random sample of 500
consumers is obtained, and each person in the sample is asked if he/she would still
consider purchasing an El Nino. To determine if El Nino should be retained, the
sample proportion of respondents who said yes, p, is used at a level a = 0.05 to test the
hypothesis Ho : P 2 0.5 against H1 : P < 0.5. What value of the sample proportion, p, is
required to reject the null hypothesis?
Transcribed Image Text:8) The Discovery Automobile Company is attempting to determine if it should retain a previously popular sports car model called El Nino. A random sample of 500 consumers is obtained, and each person in the sample is asked if he/she would still consider purchasing an El Nino. To determine if El Nino should be retained, the sample proportion of respondents who said yes, p, is used at a level a = 0.05 to test the hypothesis Ho : P 2 0.5 against H1 : P < 0.5. What value of the sample proportion, p, is required to reject the null hypothesis?
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman