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A new soft drink is being market tested. It is estimated that 60% of consumers will like the new drink. A sample of 96 tasters
A new soft drink is being market tested. It is estimated that 60% of consumers will like the new drink. A sample of 96 tasters tested the new drink.
a) Determine the standard error of the proportion
b) What is the probability that more than 75% of consumers will indicate they like the drink?
c) What is the probability that more than 30% of consumers will indicate they do not like the drink?
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