THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 64

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A brand manager is interested in determining if consumers prefer the new fragrance associated with a detergent.She surveyed 212 consumers and has them rank the new and old fragrances on a scale of 1 to 10.Of the 198 consumers who scored a different score on the new fragrance than on the old,the absolute values of the differences in their ratings were ranked.The smaller of the ranked sums,8,208,was for those individuals who rated the original fragrance higher.
-In a recent survey,23 customers were asked whether they preferred Coca-Cola or Pepsi.Of those respondents who had a preference,6 preferred Coca-Cola while 13 preferred Pepsi.Is there sufficient evidence that people prefer Pepsi to Coca-Cola?

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Definitions:

Sherman Act

A landmark federal statute in the field of antitrust law prohibiting monopolistic practices and promoting competition.

Sherman Act

A foundational United States antitrust law passed in 1890 aiming to prohibit monopolies and promote competition in the marketplace.

Clayton Act

A U.S. law enacted in 1914 aimed at promoting competition and preventing antitrust practices.

Sherman Act

A landmark federal statute in antitrust law prohibiting monopolistic and anti-competitive practices.