A new soft drink is being market tested. It is estimated that 60% of consumers will like the new drink. A sample of 96 taste tested the new drink
a. Determine the standard error of the proportion
b. What is the probability that more than 70.4% of consumers will indicate they like the drink?
c. What is the probability that more than 30% of consumers will indicate they do not like the drink?
a. 0.05
b. 0.0188
c. 0.9772
You might also like to view...
What is the next step in the business buying decision process after the product specifications are written?
A) obtain written or verbal bids B) evaluate alternatives C) scan trade publications D) evaluate vendors E) set price ceiling
Which of the following is not a major trend in online retail for 2018-2019?
A. Buying online has become a normal, mainstream, everyday experience. B. The average annual purchase of online buyers continues to increase. C. Specialty retail sites show rapid growth in online retail. D. The number of online buyers begins to plateau.
Savings accounts and money market funds are examples of investments taxed under the Current Model.
Answer the following statement true (T) or false (F)
Most proposals are unsolicited
Indicate whether the statement is true or false