Question
A new soft drink is being market tested. A sample of 313 individuals participated in the taste test and 76 indicated they like the taste.
A new soft drink is being market tested. A sample of 313 individuals participated in the taste test and 76 indicated they like the taste.
What is the test statistics at a 5% significance level to determine if at least 25% of the population will like the new soft drink. (please keep two decimal places of your answer)
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Managerial Accounting Tools For Business Decision Making
Authors: Weygandt, Kimmel, Kieso
4th Edition
0470478535, 978-0470478530
