Problem

Question 3 of 7, Step 5 of 7 Correct A publisher reports that $43 \%$ of their readers own a particular make of car. A marketing executive wants to test the claim that the percentage is actually over the reported percentage. A random sample of 100 found that $51 \%$ of the readers owned a particular make of car. Is there sufficient evidence at the 0.05 level to support the executive's claim? Step 5 of 7: Identify the value of the level of significance.

Solution

Step 1 :A publisher reports that 43% of their readers own a particular make of car. A marketing executive wants to test the claim that the percentage is actually over the reported percentage. A random sample of 100 found that 51% of the readers owned a particular make of car. Is there sufficient evidence at the 0.05 level to support the executive's claim?

Step 2 :Identify the value of the level of significance.

Step 3 :The level of significance is \(\boxed{0.05}\).

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