Confidence interval or conducting a hypothesis test

Assignment Help Basic Statistics
Reference no: EM131974944

Coke/Pepsi Taste Test

Suppose 500 people participate in a blind Coke/Pepsi taste test, and 285 of them prefer Coke while the other 215 of them prefer Pepsi. 

(a) If we conduct inference (creating a confidence interval or conducting a hypothesis test) using this data, should we use the formulas for a single proportion or a difference in proportions?

(b) If we want to test whether the preferences are equally split between Coke and Pepsi, what is the null hypothesis?

(c) In terms of the outcome of the test, does it matter whether we define p to be the proportion of people who prefer Coke or the proportion of people who prefer Pepsi?

Reference no: EM131974944

Questions Cloud

Mean and standard deviation of sampling distribution : If the standard deviation for the number of televisions in a U.S. household is 1.2 and a random sample of 80 American households is selected
How man shares will remain after the repurchase : A firm has 10 million shares outstanding with a market price of $20 per share. The firm has $25 million in extra cash (short-term investments).
Compute test statistic for null and alternative hypothesis : An airline company would like to know if the average number of passengers on a flight in November is less than the average number of passengers on a flight
Evaluate the bond yield to maturity : Fingen's 15 year, $1,000 par value bonds pay 14% interest annually. The market price of the bonds is $940 and the markets required yield to maturity.
Confidence interval or conducting a hypothesis test : If we conduct inference (creating a confidence interval or conducting a hypothesis test) using this data, should we use the formulas for a single proportion
Create a comparison chart for ratios : Explain why you selected these ratios - Create a comparison chart for these 12 ratios for 2 years for each company. Explain how you calculated each ratio
Estimate exchange spot rate which will prevail in one year : Your firm has a British customer that is willing to place a $1 million order, but wants to pay in pounds instead of dollars. The spot exchange rate is $1.85.
What is the par value of the common stock : A firm has $3,780,000 in its common stock account and $37,800,000 in its paid-in capital account. The firm issued 420,000 shares of common stock.
Hospitalization for other non-myocardial infarction events : Consider the following trial. 250 people who met inclusion criteria and provided informed consent were randomized to receive either a new statin medication

Reviews

Write a Review

Basic Statistics Questions & Answers

  Appraising the values of ten houses in the neighborhood

A neighborhood home owners association suspects that the recent appraisal values of the houses in the neighborhood conducted by the county government.

  Formulate the decision-making

Formulate the decision-making about the process performance as a hypothesis test, stating the null and the alternative hypotheses.

  Prompt neutrons or delayed neutrons

Neutrons emitted as a result of fission are either prompt neutrons or delayed neutrons.

  Regression and multivariate regression

What is the difference between simple (also known as univariate and bivariate) regression and multivariate regression?

  Drawbacks of quantum well and quantum dot

1. List the advantages and drawbacks of quantum well and quantum dot intcrsubband photodctcctors.

  Determine the external labor supply

Determine the external labor supply available this year in five different states by using statistics from the bureau of labor statistics website(www.bls.gov).

  We know many types of data fall into a normal distribution

we know many types of data fall into a normal distribution with most of the observations falling towards the middle.

  Find out estimation of binomial distribution

Assume that the mean parameter θ for the RV L is unknown. To estimate it, a random sample of n = 10 light bulbs is selected, and the lifetime of each light bulb is measured. Let X denote the number of those 10 sampled light bulbs that burn longer ..

  If only 10 occur outside the city during the day what

suppose that in the baltimore metropolitan area 25 of the crimes occur during the day and 80 occur in the city. if

  You are choosing among three investment plans the payoffs

you are choosing among three investment plans. the payoffs of these investment plans depends on next years gdp see the

  Computing expected price of common stock

You're considering an investment in the common stock of Crisp Cookware. The stock is expected to pay a dividend of $2 a share at the end of the year (D1 = $2.00). the stock has a beta equal to 0.9.

  Defect levels at two plant

The Allbest software company owns two computer-manufacturing plants. Each plant produces the Ultimate computer model. Plant measurement has determined that 28 out of 452 tested computers at Plant A were defective and that 21 out of 505 tested at p..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd