Dave uses 5 gallons of gas to drive 140 miles on the highway. If he travels at the same rate, how many miles can he drive on 7 g
2 answers:
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Answer: The proportion of new car buyers that trade in their old car has statistically significantly decreased.
Step-by-step explanation:
Since we have given that
p = 48% = 0.48
n = 115
x = 46
So,
So, hypothesis would be
So, test value would be
At 10% level of significance, critical value would be
z= 1.28
Since 1.28 < 1.72
So, we will reject the null hypothesis.
Hence, the proportion of new car buyers that trade in their old car has statistically significantly decreased.