Historically, the proportion of people who trade in their old car to a car dealer when purchasing a new car is 48%. Over the previous six months, in a sample of 115 new car buyers, 46 have traded in their old car. To determine (at the 10% level of significance) whether the proportion of new car buyers that trade in their old car has this is sickly significantly decreased, what is the test statistic? (please round your answer to two decimal places)
Historically, the proportion of people who trade in their old car to a car dealer when purchasing a new car is 48%. Over the previous six months, in a sample of 115 new car buyers, 46 have traded in their old car. To determine (at the 10% level of significance) whether the proportion of new car buyers that trade in their old car has this is sickly significantly decreased, what is the test statistic? (please round your answer to two decimal places)
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Historically, the proportion of people who trade in their old car to a car dealer when purchasing a new car is 48%. Over the previous six months, in a sample of 115 new car buyers, 46 have traded in their old car. To determine (at the 10% level of significance) whether the proportion of new car buyers that trade in their old car has this is sickly significantly decreased, what is the test statistic? (please round your answer to two decimal places)
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