Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Background data: Only 25% of people prefer my pizza!? Clark exclaims in disbelief. Livid once again, he vows to fight Lex with data. He hatches

Background data: "Only 25% of people prefer my pizza!?" Clark exclaims in disbelief. Livid once again, he vows to fight Lex with data. He hatches a plan to assemble his own focus group for a blind taste test.

Question: Clark assembles a focus group of 36 people, and finds that 13 of them prefer Clark's pizza. Based on this result, perform a hypothesis test to see whether Clark has compelling evidence that more than one-fourth of people prefer his pizza to Lex's. That is, test H0: = 0.25 vs. Ha: > 0.25 Show all relevant calculations, draw a picture, and explain how you reached your conclusion. Give your conclusion in terms of the statement of the problem. What is the prob-value for the test? Perform your test at the 5% significance level.

Please use excel functions to answer the question. Please show all excel formulas, charts, and calculations used to get the answer.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Social And Economic Networks

Authors: Matthew O Jackson

1st Edition

140083399X, 9781400833993

More Books

Students also viewed these Mathematics questions

Question

Describe the parts of the self, according to William James.

Answered: 1 week ago