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A New Soft Drink Is Being Market Tested

question 27

Short Answer

A new soft drink is being market tested. It is estimated that 60% of consumers will like the new drink. A sample of 96 taste tested the new drink.
a.Determine the standard error of the proportion
b.What is the probability that more than 70.4% of consumers will indicate they like the drink?
c.What is the probability that more than 30% of consumers will indicate they do not like the drink?


Definitions:

Psychological Test

a standardized measure used to evaluate an individual's mental and emotional functioning from various aspects.

Reliability

The degree to which an assessment tool produces stable and consistent results over multiple administrations under similar conditions.

Flynn Effect

The observed rise over time in standardized intelligence test scores, attributed to various factors including better nutrition and education.

WISC-IV

The Wechsler Intelligence Scale for Children, Fourth Edition, a tool used to measure a child's intellectual abilities and cognitive strength and weaknesses.

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