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
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