Coffee ​ a Supermarket Chain Has Its Own House Brand

question 106

Short Answer

Coffee
​ A supermarket chain has its own house brand of coffee.The general manager claims that their coffee is better than the coffee sold by a well-known Coffee Shop chain.To test the claim 40 individuals are randomly selected to participate in the following experiment.Each respondent is given the two brands of coffee to taste (without any identification)and asked to judge which one is better.Suppose that 25 people judge the Coffee Shop chain brand better,four say that the brands taste the same,and the rest claim that the supermarket brand is better. ​ ​
-{Coffee Narrative} What is the p-value of the test in the previous question?

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Definitions:

Progressive Tax

A taxation system in which the tax rate increases as the taxable amount increases, placing a higher burden on those who earn more.

Sales Taxes

Levies imposed by governments on the sale of goods and services, contributing to public revenue.

Constant-rate

A process or condition that occurs at a steady, unchanging rate over time.

Regressive

Regressive, in economic terms, often refers to a tax system where the tax rate decreases as the taxable amount increases, imposing a greater burden on lower-income individuals.