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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 6 months, in a sample of 115 new-car buyers, 46 have traded in their old car. The p-value for the test of whether the proportion of people who trade in their old cars to a car dealer has decreased is 0.0427. If we were to test this hypothesis at the 5% level of signficance, what can you conclude concerning the null hypothesis? O Reject the null hypothesis O Fail to reject the null hypothesis

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 6 months, in a sample of 115 new-car buyers, 46 have traded in their old car. The p-value for the test of whether the proportion of people who trade in their old cars to a car dealer has decreased is 0.0427. If we were to test this hypothesis at the 5% level of signficance, what can you conclude concerning the null hypothesis? O Reject the null hypothesis O Fail to reject the null hypothesis

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.1: Measures Of Center
Problem 9PPS
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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 6 months, in a sample of 115 new-car buyers, 46 have traded in their old car. The p-value for the test of whether the proportion of people who trade in their old cars to a car dealer has decreased is 0.0427. If we were to test this hypothesis at the 5% level of signficance, what can you conclude concerning the null hypothesis?

QUESTION 13 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 6 months, in a sample of 115 new-car buyers, 46 have traded in their old car. The p-value for the test of whether the proportion of people who trade in their old cars to a car dealer has decreased is 0.0427. If we were to test this hypothesis at the 5% level of signficance, what can you conclude concerning the null hypothesis? O Reject the null hypothesis O Fail to reject the null hypothesis
Transcribed Image Text:QUESTION 13 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 6 months, in a sample of 115 new-car buyers, 46 have traded in their old car. The p-value for the test of whether the proportion of people who trade in their old cars to a car dealer has decreased is 0.0427. If we were to test this hypothesis at the 5% level of signficance, what can you conclude concerning the null hypothesis? O Reject the null hypothesis O Fail to reject the null hypothesis
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