Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A beverage company tested a new flavor of fruit drink on a random, representative sample of consumers. The company found that 47 percent of
A beverage company tested a new flavor of fruit drink on a random, representative sample of consumers. The company found that 47 percent of consumers surveyed liked the new flavor, with a margin of error of 6 percent. Which of the follow- ing is the most appropriate conclusion about how consumers in general will like the new flavor? A) More than half of consumers will dislike the new flavor. B) The researchers who conducted the sampling are between 41% and 53% certain that custom- ers will like the new flavor. It is likely that the percentage of consumers who like the new flavor will be between 44% and 50%. It is likely that the percentage of consumers who like the new flavor will be between 41% and 53%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started