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A company that manufactures toothpaste is studying five different package designs. Assuming that one design is just as likely to be selected by a consumer
A company that manufactures toothpaste is studying five different package designs. Assuming that one design is just as likely to be selected by a consumer as any other design, what selection probability would you assign to each of the package designs? We would assign a probability of 0.05 X to the design 1 outcome, 0.15 x to design 2. 0.25 x to design 3, 0.35 x to design 4, and 0.20 to design In an actual experiment, 100 consumers were asked to pick the design they preferred. The following data were obtained. Design Number of Times Preferred
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