At a 5 level of significance test to determine if more than

Assignment Help Basic Statistics

Reference no: EM13622846

Last year, a soft drink manufacturer had 21% of the market. In an effor 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 a 5% level of significance, test to determine if more than 21% of the population will like the new soft drink. Clearly state your decision and conclusions using the p-value approach.

Reference no: EM13622846

Questions Cloud

Christine wong has asked dave and mike to help her move : christine wong has asked dave and mike to help her move into a new apartment on sunday morning. she has asked them both

Helium in an ideal diesel cycle is compressed from 4 l to : helium in an ideal diesel cycle is compressed from 4 l to 0.25 l and then it expands during the constant pressure heat

From the corporate financial officers viewpoint which of : 1. how are warrants used by corporations?a. to decrease the volatility of their common stockb. to allow for insurance

Use the drag force equation to find the relationship : a satellite is in low earth orbit but for one reason or another its orbit is decaying. this means the satellite is

At a 5 level of significance test to determine if more than : last year a soft drink manufacturer had 21 of the market. in an effor to increase their portion of the market the

Consider a mixture of acetone and chloroform in which the : acetone and chloroform form a nonideal mixture. at 35 degrees celsius the vapor pressure of acetone is 347 torr and

Determine whether the following statement is true or false : determine whether the following statement is true or false and explain briey if a simple random sample is taken from a

A knoop microhardness measurement was made on a sample : a knoop microhardness measurement was made on a sample that resulted in a khn of 481when a load of 5120 kg was applied.

A variable capacitor is connected in series to an inductor : a variable capacitor is connected in series to an inductor with negligible internal resistance and of inductance 4.25 x

User Account

All Pages