Please help solve this A certain type of automobile is know
Solution
Formulating the null and alternatuve hypotheses,          
           
 Ho:   p   <=   0.25
 Ha:   p   >   0.25
As we see, the hypothesized po =   0.25      
 Getting the point estimate of p, p^,          
           
 p^ = x / n =    0.4      
           
 Getting the standard error of p^, sp,          
           
 sp = sqrt[po (1 - po)/n] =    0.055901699      
           
 Getting the z statistic,          
           
 z = (p^ - po)/sp =    2.683281573      
           
 As this is a    1   tailed test, then, getting the p value,  
           
 p =    0.007290358      
 significance level =    0.05      
Comparing p and the significance value, we REJECT THE NULL HYPOTHESIS.
Thus, there is significant evidence that the observed percentage increase is real. [CONCLUSION]

