Question:

Refer to the Journal of Global Business (Spring 2002) study of what "Made in the USA" means to consumers, Exercise 2.8 (p.54). Recall that 64 of 106 randomly selected shoppers believed "Made in the USA" means \(100 \%\) of labor and materials are from the United States. Let \(p\) represent the true proportion of consumers who believe "Made in the USA" means \(100 \%\) of labor and materials are from the United States.

1. Calculate a point estimate for \(p\).
2. A claim is made that \(p=.70\). Set up the null and alternative hypothesis to test this claim.
3. Calculate the test statistic for the test, part b.
4. Find the rejection region for the test if \(\alpha=.01\).
5. Use the results, parts \(\mathrm{c}\) and \(\mathrm{d}\), to make the appropriate conclusion.

Price: $2.99

Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document