Chance Corporation produces beauty products. Two years ago the quality control department at the company conducted a

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Chance Corporation produces beauty products. Two years ago the quality control department at the company conducted a survey of users of one of the company’s products. The survey revealed that 53% of the users said the product was excellent, 31% said it was satisfactory, 7% said it was unsatisfactory, and 9% had no opinion. Assume that these percentages were true for the population of all users of this product at that time. After this survey was conducted, the company redesigned this product. A recent survey of 800 users of the redesigned product conducted by the quality control department at the company showed that 495 of the users think the product is excellent, 255 think it is satisfactory, 35 think it is unsatisfactory, and 15 have no opinion. Is the percentage distribution of the opinions of users of the redesigned product different from the percentage distribution of users of this product before it was redesigned? Use α = .025.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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...
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