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:

Privilege

An advantage, right, or benefit that is given to some people and not to others, often based on aspects of identity such as race, class, gender, or sexuality.

Self-conscious Domination

A condition or system where the ruling group or class is aware of and deliberately maintains its dominant position.

Racial Identity

An individual's identification with a particular racial group, shaped by social, cultural, and historical factors.

Whiteness

A societal construct referring to the social, economic, and political advantages that come with being identified as white in many societies, often at the expense of non-white individuals.