Set up the null and the alternative hypotheses

Reference no: EM13151090

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 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.

Reference no: EM13151090

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