Suppose That a Random Sample of 550 New Car Owners

question 44

Multiple Choice

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?

• A)Test for a single proportion
• B)Test of two means when samples are independent.
• C)Test for a single mean.
• D)Test of two means when samples are dependent.
• E)ANOVA

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Definitions:

Foreign Aid

Financial assistance provided by one country to another, often for development projects, humanitarian aid, or economic stabilization.

Corruption

Dishonest or fraudulent conduct by those in power, typically involving bribery or the misuse of authority for personal gain.

Capital Intensive

A term used to describe businesses or industries that require substantial amounts of capital investment in machinery, equipment, or other physical assets to produce goods or services.