Two years ago the manager of a local supermarket that sells three national brands (brands A, B, and C) and one store brand (brand D) of orange juice found that brands A and C were equally preferred, 33% preferred brand B, and 27% preferred the store brand, D. Now, the manager thinks that there has been a change in customer preferences and that the preference for store-brand orange juice has increased and perhaps will positively contribute to increased profits. The results from a recent random sample of shoppers indicate the following preferences.Favorite brand A B C D (store brand)Number 56 70 28 126Has there been a change in customer preferences from the study 2 years ago?
Two years ago the manager of a local supermarket that sells three national brands (brands A, B, and C) and one store brand (brand D) of orange juice found that brands A and C were equally preferred, 33% preferred brand B, and 27% preferred the store brand, D. Now, the manager thinks that there has been a change in customer preferences and that the preference for store-brand orange juice has increased and perhaps will positively contribute to increased profits. The results from a recent random sample of shoppers indicate the following preferences.
Favorite brand A B C D (store brand)
Number 56 70 28 126
Has there been a change in customer preferences from the study 2 years ago?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
