Determine the test statistic

Reference no: EM13331709

A new soft drinkis being market tested. A sample of 400 individualsparticipated in the taste test and 100 indicated that they like thetaste. We are interested in determining if more than 21% ofthe 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.

Reference no: EM13331709

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