An Automobile Manufacturer Stated That It Will Be Willing to Mass

question 77

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.
c.Compute the test statistic.
d.At 95% confidence,what is your conclusion? Should the manufacturer produce the new electric powered car?

Understand the American Psychological Association’s recommendations for constructing figures such as bar charts and frequency polygons.

Analyze the shape of distributions based on given data or descriptions.

Interpret the implications of different distribution shapes in real-life contexts, such as exam performance or attitudes toward social issues.

Differentiate between symmetrical and asymmetrical distributions.

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Definitions:

Transitional Expression

Words or phrases used to link sentences and paragraphs smoothly, helping to guide the reader through a text by signifying relationships between ideas.

Star Quarterback

A highly skilled and celebrated quarterback who is often the focal point and leader of a football team.

Bruised Arm

An injury characterized by pain, swelling, and discoloration on the arm, typically resulting from blunt trauma.

High Winds

Very strong wind currents, often capable of causing damage or altering plans for outdoor activities.