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QUESTION 7 A company makes new kale flavoured energy drink and gives it to a sample of 50 people to try and then say whether
QUESTION 7 A company makes new kale flavoured energy drink and gives it to a sample of 50 people to try and then say whether they would buy it. Assume that it will only be profitable to market this drink if more than 10% of people say they would buy it. Let p denote the population proportion of people who would buy the drink and assume the company is looking for eivdence that more than 10% of people will buy the drink. Assume the observed value of the test statistic is 2.03, calculate the p-value associated with this test (correct to 4dp). Please note that this observed value of the test statistic is not based on the numbers in the previous question, so please don't try and use this to work out the correct answer to the previous
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