A car dealership claims that 25% of people that take a test-drive end up buying a car at your dealership within one month of the test-drive. You sample 300 people that took a test-drive and find that 20% of them bought a car at the dealership within one month. a. Test the dealership’s claim at the 0.05 alpha level. b. what is the p-value. c. State the hypothesis that you are checking and summarize your results.

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section: Chapter Questions
Problem 8CR
icon
Related questions
Topic Video
Question

A car dealership claims that 25% of people that take a test-drive end up buying a car at your dealership within one month of the test-drive. You sample 300 people that took a test-drive and find that 20% of them bought a car at the dealership within one month.

a. Test the dealership’s claim at the 0.05 alpha level.

b. what is the p-value.

c. State the hypothesis that you are checking and summarize your results.

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Hypothesis Tests and Confidence Intervals for Means
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL