Implications of finding for the alamo executives belief

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Alamo Rent-A-Car executives believe that Alamo accounts for about 50% of all Cadillacs that are rented.

To test this belief, a researcher randomly identifies 20 major airports with on-site rental car lots. Observers are sent to each location and instructed to record the number of rental company Cadillacs observed in a four-hour period.

About 500 are observed, and 30% are observed being returned to Alamo. What are the implications of this finding for the Alamo executives' belief?

Reference no: EM131277419

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