A cola company wants to change its formula for producing cola, but first it wants to make
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A cola company wants to change its formula for producing cola, but first it wants to make sure that more than 70 % of its customers will like the new cola better than the old. Two thousand people taste tested the cola, and 1,422 liked the new product better. Can the company reject the null hypothesis that only 70 % of its customers will like the new cola more? Do a 5 % test.
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Related Book For
Statistics For Business And Financial Economics
ISBN: 9781461458975
3rd Edition
Authors: Cheng Few Lee , John C Lee , Alice C Lee
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