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Suppose That a Random Sample of 550 New Car Owners

question 44

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Suppose that a random sample of 550 new car owners found that 38 percent of them were aware of a particular brand of tires that your company sells.If you are willing to accept less than a 5 percent chance of error that the true awareness rate of your company's brand of tire across all new car owners is less than 0.45,which statistical technique should you use from this data?


Definitions:

FOB (Free On Board)

A term used in shipping agreements to indicate that the seller is responsible for goods until they are loaded on a transport vessel, after which the buyer assumes responsibility.

Delivery Ex-Ship

Delivery Ex-Ship (DES) is a term used in international trade that indicates the seller is responsible for delivering the goods to a designated port and the buyer is responsible for unloading.

Risk Of Loss

A legal principle determining who bears the financial burden if goods are damaged, destroyed, or lost during a transaction.

Types Of Title

Distinct legal rights to own, use, and manage property, including full ownership and leasehold.

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