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An Automobile Manufacturer Stated That It Will Be Willing to Mass

Question 17

Essay

An automobile manufacturer stated that it will be willing to mass produce electric-powered cars if more than 30% of potential buyers indicate they will purchase the newly designed electric cars.In a sample of 500 potential buyers, 160 indicated that they would buy such a product.
a.
State the hypotheses for this problem.
b.
Compute the standard error of An automobile manufacturer stated that it will be willing to mass produce electric-powered cars if more than 30% of potential buyers indicate they will purchase the newly designed electric cars.In a sample of 500 potential buyers, 160 indicated that they would buy such a product. a. State the hypotheses for this problem. b. Compute the standard error of . c. Compute the test statistic. d. At the 5% level of significance, what is your conclusion? Should the manufacturer produce the new electric-powered car? .
c.
Compute the test statistic.
d.
At the 5% level of significance, what is your conclusion? Should the manufacturer produce the new electric-powered car?

Correct Answer:

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​
a.
H0: p blured image .3
Ha: p > .3
b.
.02...

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