Instruction 10-10
a Few Years Ago, Pepsi Invited Consumers $p _ { M }$

question 130

Multiple Choice

Instruction 10-10
A few years ago, Pepsi invited consumers to take the "Pepsi Challenge". Consumers were asked to decide which of the two soft drinks, Coke or Pepsi, they preferred in a blind taste test. Pepsi was interested in determining what factors played a role in people's taste preferences. One of the factors studied was the gender of the consumer. Below are the results of analyses comparing the taste preferences of men and women with the proportions depicting preference for Pepsi.
Males: n = 109, $p _ { M }$ = 0.422018 Females: n = 52, $p _ { F }$ = 0.25 $p _ { M }$ - $p _ { F }$ = 0.172018 Z = 2.11825
-Referring to Instruction 10-10,suppose Pepsi wanted to test to determine if the males preferred Pepsi more than the females.Using the test statistic given,compute the appropriate p-value for the test.

• A) 0.0340
• B) 0.4681
• C) 0.2119
• D) 0.0171

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Definitions:

Net Operating Income

The total profit of a business after subtracting operating expenses but before deducting taxes and interest.

Customers Served

The number of unique clients or customers that a business has provided products or services to within a specific period.

Variance

The difference between planned or expected results and actual results in financial and operational metrics.

Budgeting

The process of creating a plan to spend your money, creating an estimate of revenues and expenses over a specified period.