Equally split between coke and pepsi

Assignment Help Basic Statistics
Reference no: EM131972096

Coke/Pepsi Taste Test

Suppose 500 people participate in a blind Coke/Pepsi taste test, and 285 of them prefer Coke while the other 215 of them prefer Pepsi. 

(a) If we conduct inference (creating a confidence interval or conducting a hypothesis test) using this data, should we use the formulas for a single proportion or a difference in proportions?

(b) If we want to test whether the preferences are equally split between Coke and Pepsi, what is the null hypothesis?

(c) In terms of the outcome of the test, does it matter whether we define p to be the proportion of people who prefer Coke or the proportion of people who prefer Pepsi?

Reference no: EM131972096

Questions Cloud

How monetary policy affects supply and demand : Explain how the Fed's use of open market purchase of monetary policy affects supply and demand in the market for reserves and the equilibrium federal funds.
Compute test statistic for the null-alternative hypothesis : An airline company would like to know if the average number of passengers on a flight in November is less than the average number of passengers on a flight
Post the entries to the t-accounts provided : Post the entries to the T-accounts provided. Show how the stockholder's equity section of the balance sheet will look after this transaction.
Importance of assessing firm historical financial statements : Explain the importance of assessing a firm's historical financial statements. What type of ramifications can occur if the statements are not taken.
Equally split between coke and pepsi : If we want to test whether the preferences are equally split between Coke and Pepsi, what is the null hypothesis?
Explain what is meant by exchange rate forecasting : Explain what is meant by exchange rate forecasting? What techniques can be used to do such forecasting? What is meant by forecasting bias?
What are the relevant costs for rubium : Rubium Micro Devices currently manufactures a subassembly for its main product. What are the relevant costs for Rubium?
How you can test the empirical validity of the capm : Explain, and in details, how you can test the empirical validity of the Capital asset Pricing Model. In addition, comment on what determines the value.
Make a contribution format income statement segmented : Royal Lawncare Company produces and sells two packaged products, Weedban and Greengrow. Make a contribution format income statement segmented by product lines.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Draw a plausible graph of the distribution of birth months

Birth months Imagine asking a random sample of 60 students from your school about their birth months.

  Abox contains tags marked 1 2 3 n two tags are chosen at

a box contains tags marked 1 2 3... n . two tags are chosen at random. find the probability that the tags chosen show

  An infinite-period inventory problem

Consider an infinite-period inventory problem involving a single product where, at the beginning of each period, a decision must be made about how many items to produce during that period. The setup cost is $10, and the unit production cost is $5.

  Testing hypothesis ounces against alternative hypothesis

A random sample of 36 drinks from a soft drink machine has an average content 7.6 ounces with an standard deviation of 0.48 ounces. Test the hypothesis ounces against the alternative hypothesis at the 0.05 level of significance.

  A simulation of a single-server queueing system

While performing a simulation of a single-server queueing system, the number of customers in the system is 0 for the first 10 minutes, 1 for the next 17 minutes, 2 for the next 24 minutes, 1 for the next 15 minutes, 2 for the next 16 minutes, and ..

  The mean number of sales per month for those who

a company decides to add a new program that prepares randomly selected sales personnel to increase their number of

  Daily quantity demanded of unleaded gasoline

The daily quantity demanded of unleaded gasoline in a regional market can be represented as Q = 100 - l Op + E, where p E [O, 8], and E is a random variable having a probability density given by f( e) = .025/1-20,201 (e) Quantity demanded, Q, ..

  Distributed random variable with a mean

Let X be a normally distributed random variable with a mean 100 and standard deviation of 10. Find the probability that X is between 70 and 110.

  Find the probability that the mean weight of 5 muesli bars

Find the probability that the mean weight of 5 Muesli bars is less than 30g? Find the probability that the mean weight of 7 Muesli bars is less than 30g? What can you conclude about the probability when the sample size increases? Use your answers to ..

  Find probability that customers have a ralph-s card

Customers who enter the store, and ask them if they have a Ralph's card. Suppose they solicit 400 customers one day, and find that 160 of them have a Ralph's card.

  Identify people by facial and body features

Biometrics is a technology that helps identify people by facial and body features and is used by banks to reduce fraud. If in 15 trials the machine correctly.

  Determine relationship of a random variable

A simulation experiment is carried out to see whether there is any relationship between the first and second digits of a random variable generated.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd