A Few Years Ago, Pepsi Invited Consumers to Take the "Pepsi

question 81

Multiple Choice

A few years ago, Pepsi invited consumers to take the "Pepsi Challenge." Consumers were asked
To decide which of two sodas, Coke or Pepsi, they preferred in a blind taste test.Pepsi was
Interesting in determining what factors played a role in people's taste preferences.One of the
Factors studied was the gender of the consumer.Data on the percentage of men and women
Depicting preference for Pepsi were collected.Which of the following tests will you use to find
Out if there is any difference in preference between the different gender groups?

• A) Kruskal-Wallis rank Test.
• B) Paired t test.
• C) Z test for difference in proportions.
• D) Wilcoxon rank sum test.

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Definitions:

Opportunity Costs

The decline of potential rewards from different options as a result of choosing one.

Labor Skills

The abilities and expertise that workers possess, which can affect their productivity, efficiency, and the quality of work produced.

Capital

Financial assets or resources that individuals or businesses use to invest, produce, and create economic value.