Recall that 64 of 106 randomly selected shoppers believed "Made in the USA" means 100% of labor and materials are from the United States. Let p represent the true proportion of consumers who believe "Made in the USA" means 100% of labor and materials are from the United States.
a. Calculate a point estimate for p.
b. A claim is made that p =.70. Set up the null and alternative hypotheses to test this claim.
c. Calculate the test statistic for the test, part b.
d. Find the rejection region for the test if α = .01.
e. Use the results, parts c and d, to make the appropriate conclusion.
For Information: Refer to the Journal of Global Business (Spring 2002) study of what "Made in the USA" means to consumers, Exercise 2.152.