Goodness of fitness-small tea company

Assignment Help Basic Statistics
Reference no: EM13112280

You own a small tea company, Sweet Leaf, NASDQ ticker symbol LEAF. You are looking at marketing costs versus benefits. Your production manager says it doesn't matter which tea you produce, all tea is the same. You say otherwise. You hire a consumer research firm headed my Matt Stat. He randomly interviews 100 consumers of your tea and the results are listed below.

BRAND PREFERRED NUMBER

Mumbo Jumbo 16

Smooth 22

Purple Passion 27

British Experience 18

China Drift 17

The competing sides are a uniform distribution like the production manager says, or what your customers say. Run a goodness of fitness test to see if the distribution is uniform, or if the brands are different.

Reference no: EM13112280

Questions Cloud

Elasticity of demand for zamboni air filters : What was the workers' marginal product last year? What is it this year and what is the elasticity of demand for Zamboni air filters?
Application of hypothesis formation : PiggyBank has narrowed its options down to two incentive plans: The bank doesn't know whether consumers would shop online more than at clothing stores.
Difference between theories, hypotheses and laws : What are the major differences between "theories", "hypotheses" and "laws". What is an example that would explain them.
Find probability-patients not satisfied with after-surgery : Scientific poll based on 400 hospital patients has just been performed. Determine the probability that at least 70 patients will not be satisfied with after-surgery care?
Goodness of fitness-small tea company : You own a small tea company, Sweet Leaf, NASDQ ticker symbol LEAF. You are looking at marketing costs versus benefits. Your production manager says it doesn't matter which tea you produce
Hypothesis test-frozen dinner : Your company manufactures low calorie frozen dinners. The advertised calorie content is 200 calories. A consumer activist group, FACT: fat and calories tribunal, is claiming that your product is not consistent.
Determine the density function of product : Assume that random variables X1,.....,X50 are independent and all have probability density function fX(x) = 1/x for 1
Discuss how precise and accurate measurement achieved : Every measurement has a measurement uncertainty. Discuss how precise and accurate measurement can be achieved in spite of the inherent measurement uncertainty.
What are the autarky relative prices of airplanes : Draw the production possibility frontiers for Germany and what are the autarky relative prices of airplanes (P A /P C ) in Germany and Japan?

Reviews

Write a Review

Basic Statistics Questions & Answers

  To find variance and standard deviation

What is the relationship between the variance and the standard deviation?

  Find the sample size in order to obtain p estimate

How large sample should be selected in order to obtain p estimate with a bound of 0.08 on the error of estimation.

  Determining the significance level

During recent seasons, Major League Baseball has been criticized for the length of the games. A report indicated that the average game lasts 3 hours and 30 minutes.

  Calculate and interpret meaning of pv

Sensitivity of 0.98 and false-positive rate of 0.01. Calculate and interpret meaning of PV+, if test is used in the population which has the disease prevalence of 0.001.

  Regression model

What is the equation for this regression model?

  Area and visiting other state are dependent

Out of 1000 people surveyed, 600 belonged to urban areas and rest to rural areas. Among 500 who visited other states , 400 belonged to urban areas. Test 5 % level of significance whether area and visiting other state are dependent.

  Variation between two populations

The means appear to be very close, but not the variances. At  α   = .05, is there a difference in variances? Show all steps clearly, including an illustration of the decision rule.

  Case study-ohio company

Ohio Company provided the following information regarding its only product--ice skates.

  Determine frequency distribution and midpoint

Use the following frequency distribution to determine the midpoint of the second class.

  Assigning probabilities based on historical data

Method of assigning probabilities based on historical data is known the?

  Probability that the machine will overflow

Estimate the probability that the machine will overflow an 8 oz cup.

  Finding p-value associated with test of hypothesis

Find out the p-value associated with test of hypothesis you conducted?

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