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  statistically significantly decreased, what can you conclude concerning the null hypothesis? A) reject the null hypothesis Or B) fail to reject the null hypothesis

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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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  statistically significantly decreased, what can you conclude concerning the null hypothesis? A) reject the null hypothesis Or B) fail to reject the null hypothesis
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