SCENARIO 10-8 A Few Years Ago,Pepsi Invited Consumers to Take the "Pepsi

question 166

Short Answer

SCENARIO 10-8
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 interested in determining what factors played a role in people's taste preferences.One of the factors studied was the gender of the consumer.Below are the results of analyses comparing the taste preferences of men and women with the proportions depicting preference for Pepsi.
Males: n = 109,p_M = 0.422018 Females: n = 52,p_F = 0.25
p_M - p_F = 0.172018 Z = 2.11825
-Referring to Scenario 10-8,construct a 95% confidence interval estimate of the difference between the proportion of males and females who prefer Pepsi.

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Definitions:

Factory Overhead Rate

A calculation used to allocate indirect manufacturing costs to products, typically based on a base measure like labor hours or machine hours.

Direct Labor Cost

The total cost of employment for workers directly involved in the manufacturing of products or delivery of services.

Time Tickets

documents used to record the amount of time an employee spends on various tasks, useful for job costing and payroll.

Factory Overhead

All costs related to production that are not direct materials or direct labor costs.