Fifteen People Were Given Two Types of Cereal, Brand X

question 1

Multiple Choice

Fifteen people were given two types of cereal, Brand X and Brand Y. Two people preferred Brand X and thirteen people preferred Brand Y. We want to determine whether or not customers prefer one brand over the other. To test the null hypothesis, the appropriate probability distribution to use is

• A) normal.
• B) chi-square.
• C) Poisson.
• D) binomial.

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Definitions:

Contract

A legally binding agreement between two or more parties that outlines obligations and rights, enforceable by law.

Performance

The execution or fulfillment of terms as specified in a contract, such as the completion of duties or the payment of a sum.

Incidental Beneficiary

A third party who benefits from a contract between two others but does not have contractual rights to enforce that benefit.

Intended Beneficiary

A person or group for whom a contract is specifically designed to benefit, even though they are not a direct party to the contract.