Five Brands of Orange Juice Are Displayed Side by Side

question 57

Short Answer

Five brands of orange juice are displayed side by side in several supermarkets in the city of Chicago. It was noted that in one day, 180 customers purchased orange juice. Of these, 30 picked Brand A, 40 picked Brand B, 25 picked Brand C, 35 picked Brand D, and 50 picked brand E. In Chicago, can you conclude at the 5% significance level that there is a preferred brand of orange juice?
Compute :
______________
Reject when > ______________.
Conclude that there ______________ preferred brand of orange juice in Chicago.

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Definitions:

Inadequate

Lacking the quality or quantity required; insufficient for a purpose.

Assets

Economic resources owned or controlled by an individual or entity, expected to produce future benefits.

Default

The failure to fulfill a financial obligation, such as not making the required payments on a loan.

Credit

The trust which allows one party to provide resources to another party wherein the second party does not reimburse the first party immediately but promises either to repay or return those resources at a later date.