A New Soft Drink Is Being Market Tested

question 2

Essay

A new soft drink is being market tested. A sample of 400 individuals participated in the taste test and 80 indicated they like the taste.
a.At a 5% significance level, test to determine if at least 22% of the population will like the new soft drink.
b.Determine the p-value.

---

Definitions:

Integrated Technology Platforms

Common operating systems that can be used across multiple computers connected through the Internet.

Horizontal Structuring

Reflects the way the company subdivides itself.

Chain Of Command

The formal line of authority, communication, and responsibility within an organization.

Licensing

The granting of permission by an authority to an individual or entity to carry out certain activities that would be illegal without said permission.