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Statistics for Managers Study Set 2
Quiz 9: Fundamentals of Hypothesis Testing: One-Sample Tests
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Question 61
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?
Question 62
True/False
Suppose, in testing a hypothesis about a mean, the Z test statistic is computed to be 2.04.The null hypothesis should be rejected if the chosen level of significance is 0.01 and a two-tail test is used.