Mathematics, 07.07.2020 17:01 katy3865
Last year, a soft drink manufacturer had 22% of the market. In order to increase their portion of the market, the manufacturer has introduced a new flavor in their soft drinks. 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 22% of the population will like the new soft drink. 1. Using ĆĀ± = .05, test to determine if more than 22% of the population will like the new soft drink. 2. What should be the critical value(s)? 3. If there is more than one, please enter the positive one. (please keep at least 4 digits after the decimal point).
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