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A Soft Drink Company Is Introducing a New Drink and Wishes

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A soft drink company is introducing a new drink and wishes to evaluate which of three different formulas will be most popular.Five people taste each of the three formulas in a random order and rate each formula's taste on a scale from 1 to 10.The results are given below. A soft drink company is introducing a new drink and wishes to evaluate which of three different formulas will be most popular.Five people taste each of the three formulas in a random order and rate each formula's taste on a scale from 1 to 10.The results are given below.    Conduct a Friedman test at the 0.05 level of significance to determine if there are differences in consumer ratings between the three formulas.
Conduct a Friedman test at the 0.05 level of significance to determine if there are differences in consumer ratings between the three formulas.


Definitions:

Rational Choice Theory

An economic principle that assumes individuals always make prudent and logical decisions that provide them with the highest amount of personal utility.

Micro-to-Macro

An approach or perspective in sociology that starts with the study of individuals or small groups (micro-level) and attempts to understand larger societal structures and processes (macro-level) based on these smaller interactions.

James Coleman

An influential American sociologist best known for his work in education, public policy, and social theory, including the development of the concept of social capital.

Psychological Reductionism

An approach that attempts to explain social phenomena solely through the lens of individual psychological processes.

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