Statistically significantly, Business Economics

Assignment Help:

Suppose that historically, the proportion of people who trade in their old car to a car dealer when purchasing a new car is 48%. Over the previous 6 months, in a sample of 115 new-car buyers, 46 have traded in their old car. To determine whether the proportion of new car buyers that trade in their old car has statistically significantly decreased, what is the p-value? (Please round your answer to 4 decimal places)


Related Discussions:- Statistically significantly

What are less developed countries, What are Less Developed Countries (LDCs)...

What are Less Developed Countries (LDCs)? Less Developed Countries: Developing countries are frequently considered to as less developed countries. The World Bank categor

The economic environment of business, MBA - MACROECONOMICS ASSIGNMENT Pr...

MBA - MACROECONOMICS ASSIGNMENT Professor Instructions Abide by following points or no credit will be given for your answers: • Concise and to-the-point answersare what

Factors that affect the volume of production in economy, what are the fac...

what are the factors that affect the volume of production in economy

Analytical hierarchy process - supplier selection, Analytical Hierarchy Pro...

Analytical Hierarchy Process - Supplier Selection Supplier selection is a multi-criteria decision-making problem that the selection process mainly involves evaluating a number

What are the main types of unemployment, QUESTION (a) What are the main...

QUESTION (a) What are the main types of unemployment? (b) Mauritius has been facing an alarming rate of unemployment during the last 5 years (i) What reasons could explai

Profit maximisation rate model, critically analyze the applicability of the...

critically analyze the applicability of the Marris model in the beverage manufacturing company

Eat at the hotel restaurant, Suppose that a company knows that on average, ...

Suppose that a company knows that on average, 30% of guests at a hotel will eat at the hotel restaurant. What is the probability that on a given night that at least 33% of the 160

Three factors which need to be assessed considering risks, Three factors wh...

Three factors which need to be assessed while considering risks are urgency, impact and likelihood. Define what is meant by every of these terms and demonstrate how each might be a

Incremental profit, Calculate the incremental profit Electron Control would...

Calculate the incremental profit Electron Control would earn by customizing its instruments and marketing directly to end users.

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd