A publisher reports that 38 % of their readers own a particular make of car. A marketing executive w to test the claim that the percentage is actually less than the reported percentage. A random sample 320 found that 30% of the readers owned a particular make of car. Is there sufficient evidence at th 0.02 level to support the executive's claim? Step 4 of 7: Determine the P-value of the test statistic. Round your answer to four decimal places.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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A publisher reports that 38 % of their readers own a particular make of car. A marketing executive wants
to test the claim that the percentage is actually less than the reported percentage. A random sample of
320 found that 30 % of the readers owned a particular make of car. Is there sufficient evidence at the
0.02 level to support the executive's claim?
Step 5 of 7: Identify the value of the level of significance.
Transcribed Image Text:A publisher reports that 38 % of their readers own a particular make of car. A marketing executive wants to test the claim that the percentage is actually less than the reported percentage. A random sample of 320 found that 30 % of the readers owned a particular make of car. Is there sufficient evidence at the 0.02 level to support the executive's claim? Step 5 of 7: Identify the value of the level of significance.
A publisher reports that 38% of their readers own a particular make of car. A marketing executive wants
to test the claim that the percentage is actually less than the reported percentage. A random sample of
320 found that 30% of the readers owned a particular make of car. Is there sufficient evidence at the
0.02 level to support the executive's claim?
Step 4 of 7: Determine the P-value of the test statistic. Round your answer to four decimal places.
Transcribed Image Text:A publisher reports that 38% of their readers own a particular make of car. A marketing executive wants to test the claim that the percentage is actually less than the reported percentage. A random sample of 320 found that 30% of the readers owned a particular make of car. Is there sufficient evidence at the 0.02 level to support the executive's claim? Step 4 of 7: Determine the P-value of the test statistic. Round your answer to four decimal places.
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