In a Sample of 400 People, 250 Indicated That They

question 64

Essay

In a sample of 400 people, 250 indicated that they prefer domestic wines, while 140 said they prefer European wines, and 10 indicated no preference. We want to use the sign test to determine if there is evidence of a significant difference in the preferences for the two types of wine.
a.Provide the hypotheses to be tested.
b.Compute the mean.
c.Compute the standard deviation.
d..
At 95% confidence, test to determine if there is evidence of a significant difference in the preferences for the two types of wine.

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Definitions:

ADR Effective

Refers to the efficacy of Alternative Dispute Resolution methods in resolving conflicts outside of the traditional legal systems.

Alternative to Litigation

Methods or processes used to resolve disputes without resorting to judicial proceedings.

Unpleasant Event

A negative experience that can cause emotional distress, discomfort, or dissatisfaction.

Contingent

Dependent on certain conditions or circumstances happening or being met.