In a Market Test of a New Chocolate Raspberry Coffee,a

question 41

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 out of 350 people (sample 2) 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: π₁ < π₂
• B)H₁: π₁ > π₂
• C)H₁: π₁ = π₂
• D)H₁: π₁ ≠ π₂

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Definitions:

Amortization

The process of gradually writing off the initial cost of an asset over its useful life or pay down the principal of a loan over time.

Par Value

The nominal or face value of a stock or bond, as stated by the issuing corporation.