Determining population when confidence given

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Reference no: EM1316453

A new soft drink is being market tested. A sample of 400 individuals participated in the taste test and 100 indicated that they like the taste. We are interested in determine 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.

Reference no: EM1316453

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