Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Trydint bubble-gum company claims that 8 out of 10 people prefer their gum to Eklypse. Test their claim at the 90 confidence level. The null

image text in transcribed
"Trydint" bubble-gum company claims that 8 out of 10 people prefer their gum to "Eklypse". Test their claim at the 90 confidence level. The null and alternative hypothesis in symbols would be: O Ho:p = 0.8 Hip # 0.8 O Ho: p 2 0.8 H1:H 0.8 O Ho: P 2 0.8 HI:P 0.8 The null hypothesis in words would be: The average of people that prefer Trydint gum is 0.8. The average of people that prefer Trydint gum is not 0.8. The proportion of all people that prefer Trydint gum is 0.8 The proportion of people in a sample that prefers Trydint gum is 0.8. The proportion of people in a sample that prefer Trydint gum is not 0.8 The proportion of all people that prefer Trydint gum is greater than 0.8. The proportion of all people that prefer Trydint gum is less than 0.8. Based on a sample of 400 people, 291 said they prefer "Trydint" gum to "Eklypse". The point estimate Is: (to 3 decimals) The 90 % confidence interval is: to (to 3 decimals) Based on this we: Fall to reject the null hypothesis Reject the null hypothesis

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Money Banking And The Financial System International Edition

Authors: R. Glenn Hubbard ,Anthony P Obrien

2nd Edition

129200018X, 978-1292000183

Students also viewed these Mathematics questions

Question

=+a) Compute the EV for each alternative decision.

Answered: 1 week ago