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Author Question: An automobile manufacturer stated that it will be willing to mass produce electric-powered cars if ... (Read 8 times)

april 19

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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 95% confidence, what is your conclusion? Should the manufacturer produce the new electric powered car?



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Marked as best answer by april 19 on Mar 25, 2023

Afvelasquez

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april 19

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Reply 2 on: Mar 25, 2023
Wow, this really help


LVPMS

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Reply 3 on: Yesterday
Excellent

 

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