1. Field tests if a low-calorie sport drink found that 80 of the 100 who tasted the beverage preferred it to the regular higher-calorie drink. A break-even analysis indicated that the launch of this product will be profitable if the beverage is preferred by more than 75% of all customers. Should the company launch the product? Test at 0.05 level of significance.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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1. Field tests if a low-calorie sport drink found that 80 of the 100 who tasted the beverage
preferred it to the regular higher-calorie drink. A break-even analysis indicated that the launch of
this product will be profitable if the beverage is preferred by more than 75% of all customers.
Should the company launch the product? Test at 0.05 level of significance.
Transcribed Image Text:1. Field tests if a low-calorie sport drink found that 80 of the 100 who tasted the beverage preferred it to the regular higher-calorie drink. A break-even analysis indicated that the launch of this product will be profitable if the beverage is preferred by more than 75% of all customers. Should the company launch the product? Test at 0.05 level of significance.
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