Per consumer reports less than 60 of cars are kept by the, Microeconomics

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Per consumer reports less than 60 of cars are kept by the

Question: Perform hypothesis tests for the following:

Per consumer reports, less than 60% of cars are kept by the orginal owners for more than 5 years. GM, Ford and Chysler conducted a simple random sample and found that 75% of cars are kept by the original owners. Is the consumer reports study correct?

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Microeconomics: Per consumer reports less than 60 of cars are kept by the

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Microeconomics: Per consumer reports less than 60 of cars are kept by the

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