A popular US automobile manufacturer has 10,000 dealerships located throughout the country. The automobile manufacturer

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A Popular Us Automobile Manufacturer Has 10 000 Dealerships Located Throughout The Country The Automobile Manufacturer 1 (59.96 KiB) Viewed 21 times

A popular US automobile manufacturer has 10,000 dealerships located throughout the country. The automobile manufacturer has multiple brands within its portfolio a value brand that caters to younger clientele, a moderate brand that caters to middle class customers and finally, a premium brand which is marketed to wealthy clientele. The company's leadership, located at corporate headquarters, is very interested in the relationship between the median salary of potential customers and the company's revenue Specifically, the company is concerned that if potential customers' salaries continue to not increase in the future, the company's revenue will remain stagnant, which will in turn steer away potential investors and shareholders. The company's research department recently collected data for analysis in order to support leadership's upcoming discussion with shareholders and investors about the company's future revenue forecast Sales figures from a random sample of 1000 dealerships were collected. The research division also conducted statistical analysis, using data provided by the Bureau of Labor and Statistics, to calculate the median salary of people living in the vicinity of these 1,000 dealerships. The Dealership Number State, Median Salary, Annual Sales Number of Vehicles Sold Square Footage and Quality Award Winner data were collected for these 1000 dealerships StatCrunch Data Set BE Corporate headquarters is very interested in trend analysis. Using the 1000 randomly selected dealerships as their sample, data was collected to determine which dealerships won the prestigious Quality Award last year. This information is found in the Quality Award Winner column. Corporate headquarters decides to run a One Proportion hypothesis test to determine if the proportion of all dealerships that won the prestigious Quality Award last year was greater than 18% Assume that all necessary Contral Limit Theorem conditions for a One Proportion 2.test have been met The null hypothesis for this test is that the proportion of all dealerships that won the prestigious Quality Award last year was equal to 18% The alternative hypothesin for this test is that the proportion of all dealerships that won the prestigious Quality Award last year was greater than 18% What is the rest static for this typothesis test? The test statistic is (Round to two decimal places as needed) th at >