Determining the proportion of new compact-car owners

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The marketing manager for a car manufacturer is interested in determining the proportion of new compact-car owners who would have purchased a passenger-side inflatable air bag if it had been available for an additional cost of $350. The manager believes from previous information that the proportion is 0.40. Suppose that a survey of 150 new compact-car owners is selected and 71 indicate that they would have purchased the inflatable air bags. Using a p-value approach, a hypothesis test is conducted to determine whether there is evidence that the proportion is different from 0.40. Which of the following is the correct p-value?

Reference no: EM132372678

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