More and more people are abandoning national brand products and buying store brand products to save money. The president of a company that produces national brand coffee claims that 40% of the people prefer to buy the national brand coffee. A random sample of 700 people who buy coffee showed that 259 of them buy national brand coffee. Using a = 0.01, can you conclude that the percentage of people who buy coffee is different from 40%?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.5: Correlation And Causation
Problem 2CYU
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More and more people are abandoning national brand products and buying store brand products to save money. The president of a company that produces national brand coffee claims that 40% of the people prefer to buy the national brand coffee. A random sample of 700 people who buy coffee showed that 259 of them buy national brand coffee. Using a = 0.01, can you conclude that the percentage of people who buy coffee is different from 40%?

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