38. A study by Consumer Reports showed that 64% of supermarket shoppers believe supermarket brands to be

Question:

38. A study by Consumer Reports showed that 64% of supermarket shoppers believe supermarket brands to be as good as national name brands. To investigate whether this result applies to its own product, the manufacturer of a national name-brand ketchup asked a sample of shoppers whether they believed that supermarket ketchup was as good as the national brand ketchup.

a. Formulate the hypotheses that could be used to determine whether the percentage of supermarket shoppers who believe that the supermarket ketchup was as good as the national brand ketchup differed from 64%.

b. If a sample of 100 shoppers showed 52 stating that the supermarket brand was as good as the national brand, what is the p-value?

c. At α  .05, what is your conclusion?

d. Should the national brand ketchup manufacturer be pleased with this conclusion? Explain.

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

Step by Step Answer:

Related Book For  book-img-for-question

Essentials Of Modern Business Statistics

ISBN: 9780324312843

3rd Edition

Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams

Question Posted: