The Marketing Manager for an Automobile Manufacturer Is Interested in Determining

question 78

Multiple Choice

The marketing manager for an automobile manufacturer is interested in determining the
Proportion of new compact-car owners who would have purchased a GPS navigation system if it
Had been available for an additional cost of $300.The manager believes from previous
Information that the proportion is 0.30.Suppose that a survey of 200 new compact-car owners is
Selected and 79 indicate that they would have purchased the GPS navigation system.If you were
To conduct a test to determine whether there is evidence that the proportion is different from 0.30
And decided not to reject the null hypothesis, what conclusion could you reach?

• A) There is sufficient evidence that the proportion is 0.30.
• B) There is not sufficient evidence that the proportion is 0.30.
• C) There is sufficient evidence that the proportion is 0.30.
• D) There is not sufficient evidence that the proportion is not 0.30.

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Definitions:

Financial Statements

Formal records that outline the financial activities and position of a business, person, or other entity, typically comprising the balance sheet, income statement, and cash flow statement.

Bottom Line

Refers to the final net income or profit of a business after all expenses have been subtracted from revenues.

Key Financial Data

Critical financial metrics or figures that indicate the financial health or performance of an organization.

Participative Management

A management style in which employees at all levels are encouraged to contribute ideas towards identifying and solving problems, making decisions, and setting goals.