A market research consultant hired by a leading soft-drink company is interested in estimating the difference between

Question:

A market research consultant hired by a leading soft-drink company is interested in estimating the difference between the proportions of female and male consumers who favor the company’s low-calorie brand over the leading competitor’s low-calorie brand in a particular geographical region. A random sample of 250 consumers from the market under investigation is provided in the file P08_18.xlsx. After separating the 250 randomly selected consumers by gender, find a 95% confidence interval for the difference between these two proportions. Of what value might this interval estimate be to marketing managers at the company?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Data Analysis And Decision Making

ISBN: 415

4th Edition

Authors: Christian Albright, Wayne Winston, Christopher Zappe

Question Posted: