Five Brands of Orange Juice Are Displayed Side by Side

question 57

Essay

Five brands of orange juice are displayed side by side in several supermarkets in a large city. 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 this city, can you conclude at the 5% significance level that there is a preferred brand of orange juice?

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Definitions:

Adjusting Entry

These are journal entries made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.

Bonds Pay Interest

A statement indicating that bond issuers periodically make interest payments to bondholders.

Semiannually

Refers to an event or action that occurs twice a year.

Sold Bonds

The act of a company or government issuing bonds to investors in exchange for capital, representing a long-term borrowing.