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

question 77

Multiple Choice

In a market test of a new chocolate raspberry coffee, a poll of 400 people from Dobbs Ferry showed 250 preferred the new coffee. In Irvington, 170 out of 350 people preferred the new coffee. To test the hypothesis that there is no difference in preferences between the two villages, 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

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Definitions:

Patient-visits

A measure used in healthcare to quantify the number of visits or interactions patients have with healthcare providers.

Customers Served

The number or segment of clients who receive services or purchase products from a business within a given time frame.

Revenue

The total amount of money received by a company for goods sold or services provided during a specific period.

Flexible Budget

A budget designed to adapt to changes in activity or volume levels, ensuring more accurate budgeting and variance assessments.