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    Statistics
  3. Study Set
    Modern Business Statistics
  4. Exam
    Exam 9: Hypothesis Tests
  5. Question
    A New Soft Drink Is Being Market Tested
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A New Soft Drink Is Being Market Tested

Question 2

Question 2

Essay

A new soft drink is being market tested. A sample of 400 individuals participated in the taste test and 80 indicated they like the taste.
a.At a 5% significance level, test to determine if at least 22% of the population will like the new soft drink.
b.Determine the p-value.

Correct Answer:

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