SOLUTION: A recent magazine article indicated that 47% of the general consumer population in the United States is loyal to the automobile manufacturer of their choice. Suppose Chevrolet di

Question 199917: A recent magazine article indicated that 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 1006 Chevrolet owners and found that 490 said that they would buy another Chevrolet.
Does this indicate that the population proportion of consumers loyal to Chevrolet is more than 47%??
Use level of significance of 0.01
Answer by ALG1(2) (Show Source): You can put this solution on YOUR website!
yes, it does indicate that the population proportion of consumers loyal to Chevrolet is more than 47%
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