A Soft Drink Company Claims 3 Out of 4 People $\chi_{o b t}^{2}$

question 35

Short Answer

A soft drink company claims 3 out of 4 people prefer the taste of their cola Brand A) over their competitor Brand B).You conduct a taste test and find 63 people indicated they preferred Brand
A.The remaining 38 people said they preferred Brand
B.For a one-way chi-square test, what is $\chi_{o b t}^{2}$

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Definitions:

Forecasting Method

Techniques used to predict future conditions or performances, often applied in business for planning purposes.

Metropolitan Markets

Markets located within or serving large urban areas, characterized by high density and diverse consumer populations.

Trend Extrapolation

The process of predicting future developments by extending existing trends into the future.

Product Strategy Section

A component of a business or marketing plan outlining the approach for the development, launch, and management of a product throughout its lifecycle.