Question: A German automobile company is counting on selling more cars
A German automobile company is counting on selling more cars to the younger market segment drivers under the age of 20. The company’s market researchers survey to investigate whether or not the proportion of today’s high school seniors who own their own cars is higher than it was a decade ago. They find a P-value of 0.017. Is it reasonable to conclude that more high school seniors have cars? Explain.
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