A New Soft Drink Is Being Market Tested

question 27

Short Answer

A new soft drink is being market tested. It is estimated that 60% of consumers will like the new drink. A sample of 96 taste tested the new drink.
a.Determine the standard error of the proportion
b.What is the probability that more than 70.4% of consumers will indicate they like the drink?
c.What is the probability that more than 30% of consumers will indicate they do not like the drink?

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Definitions:

Independent

Refers to the state of being free from outside control or support, capable of thinking or acting for oneself.

Aggression

Behavior characterized by actions or intentions to harm or assert dominance over another individual, which can be physical, verbal, or non-verbal.

Intimidation

The act of frightening someone into doing or not doing something, often used as a method of manipulation or control.

Coercion

The practice of persuading someone to do something by using force or threats, often undermining their freedom of choice.