(a) Exactly 210 consumers prefer a Cokn product. (b) letwnen 170 and 210 consumers (indusive) prefer a Coke product. 80217 Jx (e) Fewer than 210 consumens prefer a Coke product. (d) Would it be ununual to find that 247 of the 500 consumens preferred a Coke product? O Yes No * this were to cccur, what condusions would you draw? O Coke's market share is probably higher than claimed. Coke's market share estimate is plausibly accuratn. O Coke's market share is probably lower than claimed.
(a) Exactly 210 consumers prefer a Cokn product. (b) letwnen 170 and 210 consumers (indusive) prefer a Coke product. 80217 Jx (e) Fewer than 210 consumens prefer a Coke product. (d) Would it be ununual to find that 247 of the 500 consumens preferred a Coke product? O Yes No * this were to cccur, what condusions would you draw? O Coke's market share is probably higher than claimed. Coke's market share estimate is plausibly accuratn. O Coke's market share is probably lower than claimed.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
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Only need b,c, and d

Transcribed Image Text:Title: Analysis of Beverage Market Shares
**Pie Chart Analysis: Share of Voice for Beverage Brands**
The pie chart illustrates the market share distribution among various beverage brands:
- **Coke**: 36%
- **Pepsi**: 14%
- **Mountain Dew**: 14%
- **Red Bull**: 20%
- **Fanta**: 1%
- **Vitamin Water**: 1%
- **7up**: 2%
- **Dr. Pepper**: 12%
**Statistical Analysis**
A sample of \( n = 500 \) consumers is studied to record the number preferring Coke products. A normal distribution is utilized to calculate binomial probabilities. Answers are rounded to four decimal places.
**Questions and Responses**
(a) Probability of exactly 210 consumers preferring a Coke product:
- Response: 0.0898
(b) Probability of 170 to 210 consumers (inclusive) preferring a Coke product:
- Response: 0.9827
(c) Probability of fewer than 210 consumers preferring a Coke product:
- Response: 0.8947
(d) Would it be unusual to find that 247 out of the 500 consumers preferred a Coke product?
- Response: Yes (unchecked)
- Response: No (checked)
(e) If 247 consumers preferred a Coke product, the following conclusion is drawn:
- Coke's market share is probably lower than claimed. (checked)
This analysis questions the claim that Coke holds a 36% market share based on the statistical probability outcomes observed in the consumer sample.
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