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Find the p-value of the test statistic

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Reference no: EM132483135

USA Today reported that about 47% of the general consumer population in the United States is loyal to the automobile manufacturer of their choice. Suppose Chevrolet did a study of a random sample of 1008 Chevrolet owners and found that 487 said they would buy another Chevrolet. Does this indicate that the population proportion of consumers loyal to Chevrolet is more than 47%? Use α = 0.01.

Find the P-value of the test statistic. (Round your answer to four decimal places.)

Reference no: EM132483135

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