The Next Questions Are Based On The Following Information:
In a random sample of 200 high school students,92 sample members indicated some measure of agreement with this statement:"A prospective university's academic ranking and image is important to my decision to attend that institution."
-The Discovery Automobile Company is attempting to determine if it should retain a previously popular sports car model called El Nino.A random sample of 500 consumers is obtained,and each person in the sample is asked if he/she would still consider purchasing an El Nino.To determine if El Nino should be retained,the sample proportion of respondents who said yes,
,is used at a level α = 0.05 to test the hypothesis H₀ : P ≥ 0.5 against H₁ : P < 0.5.What value of the sample proportion,
,is required to reject the null hypothesis?

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The Next Questions Are Based On The Following Information:
In a random sample of 200 high school students,92 sample members indicated some measure of agreement with this statement:"A prospective university's academic ranking and image is important to my decision to attend that institution."
-The Discovery Automobile Company is attempting to determine if it should retain a previously popular sports car model called El Nino.A random sample of 500 consumers is obtained,and each person in the sample is asked if he/she would still consider purchasing an El Nino.To determine if El Nino should be retained,the sample proportion of respondents who said yes,

,is used at a level α = 0.05 to test the hypothesis H₀ : P ≥ 0.5 against H₁ : P < 0.5.What value of the sample proportion,

,is required to reject the null hypothesis?

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The Answer of The Next Questions Are Based On The Following Information: In a random sample of 200 high school students,92 sample members indicated some measure of agreement with this statement:"A prospective university's academic ranking and image is important to my decision to attend that institution." -The Discovery Automobile Company is attempting to determine if it should retain a previously popular sports car model called El Nino.A random sample of 500 consumers is obtained,and each person in the sample is asked if he/she would still consider purchasing an El Nino.To determine if El Nino should be retained,the sample proportion of respondents who said yes, ,is used at a level α = 0.05 to test the hypothesis H₀ : P ≥ 0.5 against H₁ : P < 0.5.What value of the sample proportion, ,is required to reject the null hypothesis?

The Next Questions Are Based on the Following Information