Consider 3 national brands of apple pie (A, B, C), and a store brand (D) sold at a local grocery store. Past records brands A and C were equally preferred, 30 % preferred brand B, and 26% preferred the store brand, D. The manag- that there has been a change in customer preferences and that the preference for store-brand apple pie has incm perhaps will positively contribute to increased profits. Find the value of the appropriate test statistic for testing in customer preferences from the past years. Brand A B D. Number 60 70 24 112

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
Consider 3 national brands of apple pie (A, B, C), and a store brand (D) sold at a local grocery store. Past records show
brands A and C were equally preferred, 30% preferred brand B, and 26% preferred the store brand, D. The manager believes
that there has been a change in customer preferences and that the preference for store-brand apple pie has increased and
perhaps will positively contribute to increased profits. Find the value of the appropriate test statistic for testing the change
in customer preferences from the past years.
Brand
A
D.
Number
60
70
24
112
Transcribed Image Text:Consider 3 national brands of apple pie (A, B, C), and a store brand (D) sold at a local grocery store. Past records show brands A and C were equally preferred, 30% preferred brand B, and 26% preferred the store brand, D. The manager believes that there has been a change in customer preferences and that the preference for store-brand apple pie has increased and perhaps will positively contribute to increased profits. Find the value of the appropriate test statistic for testing the change in customer preferences from the past years. Brand A D. Number 60 70 24 112
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman