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TABLE 10-8 a Few Years Ago, Pepsi Invited Consumers to Take the Take

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TABLE 10-8
A few years ago, Pepsi invited consumers to take the "Pepsi Challenge." Consumers were asked to decide which of two sodas, Coke or Pepsi, they preferred in a blind taste test. Pepsi was interested in determining what factors played a role in people's taste preferences. One of the factors studied was the gender of the consumer. Below are the results of analyses comparing the taste preferences of men and women with the proportions depicting preference for Pepsi.
Males: n = 109, pM = 0.422018 Females: n = 52, pF = 0.25
pM - pF = 0.172018 Z = 2.11825
-Referring to Table 10-8, suppose Pepsi wanted to test to determine if the males preferred Pepsi less than the females. Using the test statistic given, compute the appropriate p-value for the test.


Definitions:

Direct Materials Budget

A financial plan that estimates the raw materials needed for production and the associated costs for a specific period.

Long-Range Planning

The process of setting long-term objectives and determining the strategies to achieve these goals over an extended period.

Financial Budgets

Detailed plans that outline an organization's financial goals, revenues, and expenses over a specific period.

Sales Forecast

Predictive analysis of future sales based on historical data, trends, and market analysis.

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