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:

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board that guide how company transactions and other events need to be reported in financial statements.

Revaluation

The process of adjusting the book value of an asset to reflect its current market value.

Intangible Assets

Assets that cannot be physically touched or seen but hold value, such as copyrights, trademarks, and patents.

Comprehensive Income

The total of all operating and financial events that affect the equity of a company, beyond just net income.