A manufacturer claims him market share is 60%.However a random sample of 500 clients show that only 275supports his product. Test the manufacturer’s statement at 1%significance level.

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section: Chapter Questions
Problem 8CR
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A manufacturer claims him market share is 60%.
However a random sample of 500 clients show that only 275
supports his product. Test the manufacturer’s statement at 1%
significance level.

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