In a Market Research Study Conducted by a Local Winery

question 86

Multiple Choice

In a market research study conducted by a local winery on white wine preference,the following results were found.Of a sample of 500 men,120 preferred white wine and of a sample of 500 women,210 preferred white wine.Calculate the test statistic for testing the claim that women are 25% higher than men on preference for white wine.

• A)6.167
• B)-82.16
• C)-2.397
• D)-.07

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Definitions:

Deindustrialization

A social and economic change resulting from the reduction of industrial activity, especially manufacturing.

Social Change

Alterations in the social structure and cultural values of a society over time.

Industrial Activity

Economic activities related to the production of goods and services in sectors such as manufacturing, mining, and construction.

Economic Change

Alterations in the structure, performance, or operations of an economy, often marked by growth or decline.