New soft drink is being market tested. a sample of 400, Ask an Expert

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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.

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9112347

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