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Author Question: Last year, a soft drink manufacturer had 21% of the market. In order to increase their portion of ... (Read 86 times)

wqwpfwpoefnpwenf

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on: Mar 25, 2023

Last year, a soft drink manufacturer had 21% of the market.  In order to increase their portion of the market, the manufacturer has introduced a new flavor in their soft drinks.  A sample of 400 individuals participated in the taste test and 100 indicated that they like the taste. We are interested in determining if more than 21% of the population will like the new soft drink.

a.Set up the null and the alternative hypotheses.
b.Determine the test statistic.
c.Determine the p-value.
d.At 95% confidence, test to determine if more than 21% of the population will like the new soft drink.

Essentials of Statistics for Business and Economics ¦ Anderson, Sweeney, Williams, Camm, Cochran ¦ 7th Edition
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Marked as best answer by wqwpfwpoefnpwenf on Mar 25, 2023

Jim457

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Reply #1 on: Mar 25, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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wqwpfwpoefnpwenf

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Reply 2 on: Mar 25, 2023
YES! Correct, THANKS for helping me on my review

bblaney

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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