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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:

Equity Pie

A metaphorical representation of the division of ownership among the founders and investors of a startup, indicating their respective shares.

Contributions

Voluntary gifts or payments to support a cause, project, or organization, often reflecting philanthropic intentions.

Venture Growth

The process of expansion and scaling of a startup or early-stage company, involving increases in sales, products, market reach, or team size.

Research and Development

The investigative activities a business conducts to improve existing products and procedures or to lead to the development of new products and procedures.

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