Thumbs-up is a popular and new soft drink company in India. The company wants to test the market for its product. A sample of 500 individuals participated in the taste test and 125 indicated that they like the taste. We would like to test if more than 20% of the population will like the new soft drink. Set up the null and the alternative hypotheses for this test. Calculate the test statistic.

Thumbs-up is a popular and new soft drink company in India. The company wants to test the market for its product. A sample of 500 individuals participated in the taste test and 125 indicated that they like the taste. We would like to test if more than 20% of the population will like the new soft drink. Set up the null and the alternative hypotheses for this test. Calculate the test statistic.

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter9: Sequences, Probability And Counting Theory

Section9.7: Probability

Problem 1SE: What term is used to express the likelihood of an event occurring? Are there restrictions on its...

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