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A researcher is interested in consumer preferences among three brands of yogurt.A sample of 90 people is obtained,and each individual is asked to taste each brand and then select his/her favorite.The resulting frequency data are as follows:
Do the data indicate any significant preferences among the three brands? Test at the .05 level of significance.
Widgets
A general term commonly used to describe any theoretical produced item or merchandise.
Economically Efficient
Refers to a situation where resources are allocated in a way that maximizes the net benefit to society.
Revenue
The income generated from normal business operations and includes discounts and deductions for returned merchandise.
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