This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Last year, a soft drink manufacturer had 21% of the market. In order to increase their portion of ... (Read 50 times)

wqwpfwpoefnpwenf

  • Full Member
  • ***
  • Posts: 159
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by wqwpfwpoefnpwenf on Mar 25, 2023

Jim457

  • Full Member
  • ***
  • Posts: 187
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.
Answer Preview
Only 44% of students answer this correctly


wqwpfwpoefnpwenf

  • Member
  • Posts: 159
Reply 2 on: Mar 25, 2023
Thanks for the timely response, appreciate it

bimper21

  • Member
  • Posts: 309
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

An example of an EHR screen used to order a laboratory test. An example of an EHR screen used to order a laboratory test.
CT imaging of glioblastoma in a 6-year-old girl. CT imaging of glioblastoma in a 6-year-old girl.
How to use implicit differentiation with higher order derivatives How to use implicit differentiation with higher order derivatives
How to evaluate third-order determinants by Minors Method (Question 2) How to evaluate third-order determinants by Minors Method (Question 2)
Greenhouse gases increase in the stratosphere Greenhouse gases increase in the stratosphere
Video: Introduction to Genetics

For a complete list of videos, visit our video library