According to Beverage Digest/Maxwell Report, the distribution of market share for the top seven soft drinks in

Question:

According to Beverage Digest/Maxwell Report, the distribution of market share for the top seven soft drinks in the United States was: Coca-Cola 17.9%, Pepsi-Cola 11.5%, Diet Coke 9.7%, Mountain Dew 6.3%, Diet Pepsi 6.1%, Sprite 5.7%, and Dr. Pepper 5.6%. Suppose a marketing analyst wants to determine whether this distribution fits that of her geographic region. She randomly surveys 1726 people and asks them to name their favorite soft drink. The responses are: Coca-Cola 314, Pepsi 219, Diet Coke 212, Mountain Dew 121, Diet Pepsi 98, Sprite 93, Dr. Pepper 88, and others 581. She then tests to determine whether the local distribution of soft drink preferences is the same or different from the national figures, using a = .05.What does she find?


Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: