Question
The ABC company wants to purchase potato chips for the store, so nine people were asked to indicate their preference for plain over sour cream.
The ABC company wants to purchase potato chips for the store, so nine people were asked to indicate their preference for plain over sour cream. The following data showed their preferences. Respondents Plain vs. Sour Cream 1 = + , 2 = +, 3 = -, 4 = + , 5 = +, 6 = +, 7 = -, 8 = +, 9 = -. With = 0.10, test for a significant difference in the preferences for chips. A " " indicates a preference for plain chips. Indicate the null in terms of the binomial probability of p: Ho: p = What is the sum of the binomial probability? (Round to the third (3rd) decimal place) Provide the p-value (Round to the third (3rd) decimal place) What do you conclude? . What is your management decision?
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