Answered step by step
Verified Expert Solution
Question
1 Approved Answer
QUESTION 7 Acompany makes new kale avoured energy drink and gives it to a sample of 50 people to try and then say whether they
QUESTION 7 Acompany makes new kale avoured 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 protable 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
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started