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Field tests of a low-calorie sport drink found that 53 of the 110 who tested the beverage preferred it to the regular high-calorie drink. A
Field tests of a low-calorie sport drink found that 53 of the 110 who tested the beverage preferred it to the regular high-calorie drink. A breakeyen analysis indicates that the launch of this product 1.yill be protable if the beverage is preferred by ?4% o! all customers. Complete parts a through c. Launching the new low-calorie drink is a Type I error. Missing the opportunity to launch the new low-calorie drink is a Type ll error. Launching the new lowcalorie drink unnecessarily is a Type I error. Taking the opportunity to launch the new lowcalorie drink is a Type II error. Launching the new low-calorie drink unnecessarily is a Type I error. Missing the opportunity to launch the new low-calorie drink is a Type II error. [c] Find the p-yalue for a test of the null hypothesis. pyalue = I: [Type an integer or decimal rounded to three decimal places as needed}
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