Question
Question1(10pts)Abeverage companyistesting20newflavorsofsodapop.Theyrunaconsumer taste test comparing their new flavors to an equivalent flavor from a competitor. Each test is done separately and at a .05 level
Question1(10pts)Abeverage companyistesting20newflavorsofsodapop.Theyrunaconsumer taste test comparing their new flavors to an equivalent flavor from a competitor. Each test is done separately and at a .05 level (reject the null only if p-value is below .05). In 19 of the tests, they find no differenceinconsumerspreferencebetween theirflavorandthecompetitor'sproduct. However,for their grape pop they find that consumers prefer their beverage with a p-value of .03. They are very excited about this finding andtruly believe they havea product that consumers will clearly prefer to their competitor, after all the p-value is below .05. Assuming the experiments were run correctly, do you believe there is strong evidence that they have aproduct that consumers will prefer to their competitor's product? Explain why.
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