Solution-A new soft drink is being market tested

A new soft drink is being market tested

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Reference no: EM131737758

Complete the following question by hand.

A new soft drink is being market tested. It is estimated that 70% of consumers will like the new drink. A sample of 60 people taste tested the new drink.

In blank #1 enter the mean of the sample proportions. (Round your answer to 1 decimal place and enter your answer as 0.1 not .1.)
In blank #2 enter the standard deviation of the sample proportion. (Round your answer to 2 decimal places and enter your answer as 0.12, not .12.)
In blank #3 enter the distribution ("normal" or "binomial") of the sample proportion.
In blank #4 enter the probability that less than 67% of the people in the sample will like the new drink. (Round your answer to 4 decimals and enter your answer as 0.1234 not .1234.)
In blank #5 enter the probability that more than 82% of the people in the sample will like the new drink. (Round your answer to 4 decimals and enter your answer as 0.1234 not .1234.)
In blank #6 enter the probability that between 40 and 45 of the people in the sample will like the new drink. (Round your answer to 4 decimals and enter your answer as 0.1234 not .1234.)

Reference no: EM131737758

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A new soft drink is being market tested

Reference no: EM131737758

Reference no: EM131737758

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