A Survey of the Wine Market Has Shown That the Preferred

question 100

Essay

A survey of the wine market has shown that the preferred wine for 17 percent of Americans is merlot.A wine producer in California,where merlot is produced,believes the figure is higher in California.She contacts a random sample of 550 California residents and asks which wine they purchase most often.Suppose 115 replied that merlot was the primary wine.Calculate the p-value associated with the test statistic,and test the claim at α = .01.

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Definitions:

Nonstore

Retail operations that sell products outside of a traditional physical store setup, including online, mobile, and catalog sales channels.

Internet Retailing

The selling of goods and services through the internet, encompassing various e-commerce platforms and websites.

Product Mix

The variety of products or services offered by a company, considering diversity in type, size, and other characteristics.

Automatic Merchandising

The use of self-service machines or kiosks, such as vending machines, for selling products directly to consumers without human interaction.