It has been reported that 47% of the general consumer

Last updated: 7/19/2022

It has been reported that 47% of the general consumer population in the United States is loyal to the automobile manufacturer of their choice. Suppose Chevrolet did a study of a random sample of 1006 Chevrolet owners and found that 490 said that they would buy another Chevrolet. Does this indicate that the population proportion of consumers loyal to Chevrolet is more than 47%? Use a = 0.01.