In a Market Test of a New Chocolate Raspberry Coffee $\pi$

question 125

Multiple Choice

In a market test of a new chocolate raspberry coffee, a poll of 400 people (sample 1) from Dobbs Ferry showed 250 preferred the new coffee. In Irvington, 170 (sample 2) out of 350 people preferred the new coffee. To test the hypothesis that a higher proportion of people in Dobbs Ferry prefer the new coffee, what is the alternate hypothesis?

• A) H₁: \(\pi\)₁ < \(\pi\)₂
• B) H₁: \(\pi\)₁ > \(\pi\)₂
• C) H₁: \(\pi\)₁ = \(\pi\)₂
• D) H₁: \(\pi\)₁ \(\neq\) \(\pi\)₂

Comprehend the strategies involved in repeated games and their implications.

Apply the concepts of maximin strategy and equilibrium to analyze games.

Grasp the significance of mixed strategies in game theory.

Assess the impact of strategic decisions in competitive and cooperative settings.

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