What would be the probability of a taste off

Reference no: EM131404342

In given Exercise, the maker of soft drink A claims its product to be "superior" to soft drink B. Given the results obtained in Exercise, do they appear to have a solid basis for their claim?

Exercise
A food expert claims that there is no difference between the taste of two leading soft drinks. In a taste test involving 200 persons, however, 55% of the subjects say they like soft drink A better than B.

If the food expert is correct, we would expect that 50% of the persons would have preferred soft drink A.

Under the assumption that the food expert is correct, what would be the probability of a "taste-off" in which 110 or more of the subjects preferred soft drink A?

Reference no: EM131404342

Questions Cloud

What is the loss to the financial institution : What is. the loss to the financial institution? Assume that six-month LIBOR was 9% per annum halfway through year

Prepare a consolidated statement of comprehensive income for : The statements of financial position of Mars plc and Jupiter plc at 31 December 20X2 are as follows: Prepare a consolidated statement of comprehensive income for the year ended 31/12/20X2

What proportion of homes heating with gas had a gas bill : What proportion of homes heating with gas had a gas bill over $382?- What proportion of homes heating with gas had a gas bill between $497 and $537?

Discss the hnetexchange- hnetpay and hnetconnect : As discussed in this course, risk management is an important process for all organizations. This is particularly true in information systems, which provides critical support for organizational missions. The heart of risk management is a formal ris..

What would be the probability of a taste off : Under the assumption that the food expert is correct, what would be the probability of a "taste-off" in which 110 or more of the subjects preferred soft drink A?

Compose a theoretically sound and conceptually rich essay : Compose a theoretically sound and conceptually rich essay that demonstrates knowledge of the fundamental subject areas of the student's academic discipline and specialization

What percentage of these observations would you expect : Do you think the actual number in the " ≤ 140" range would equal the expected number in this range? If so, why? If not, why not?

Do you think the actual number in the given range : Do you think the actual number in the "≥ 300 " range would equal the expected number in this range? If so, why? If not, why not?

User Account

All Pages