14.70 Two years ago the manager of a local supermarket that sells three national brands (brands A,...
Question:
14.70 Two years ago the manager of a local supermarket that sells three national brands (brands A, B, and C) and one store brand (brand D) of orange juice found that brands A and C were equally preferred, 33% preferred brand B, and 27% preferred the store brand, D. Now, the manager thinks that there has been a change in customer preferences and that the preference for store-brand orange juice has increased and perhaps will positively contribute to increased profits. The results from a recent random sample of shoppers indicate the following preferences.
Favorite brand A B C D (store brand)
Number 56 70 28 126 Has there been a change in customer preferences from the study 2 years ago?
Step by Step Answer:
Essential Mathematics And Statistics For Science
ISBN: 9780470694480
2nd Edition
Authors: Graham Currell, Dr. Antony Dowman