Essentials of Modern Business Statistics with Microsoft Office Excel (Book Only)
7th Edition
ISBN: 9781337298353
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams
Publisher: South-Western College Pub
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Textbook Question
Chapter 9.5, Problem 38E
A study by Consumer Reports showed that 64% of supermarket shoppers believe supermarket brands to be as good as national name brands. To investigate whether this result applies to its own product, the manufacturer of a national name-brand ketchup asked a sample of shoppers whether they believed that supermarket ketchup was as good as the national brand ketchup.
a. Formulate the hypotheses that could be used to determine whether the percentage of supermarket shoppers who believe that the supermarket ketchup was as good as the national brand ketchup differed from 64%.
b. If a sample of 100 shoppers showed 52 stating that the supermarket brand was as good as the national brand, what is the p-value?
c. At
d. Should the national brand ketchup manufacturer be pleased with this conclusion? Explain.
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Part (b)
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Chapter 9 Solutions
Essentials of Modern Business Statistics with Microsoft Office Excel (Book Only)
Ch. 9.2 - The label on a 3-quart container of orange juice...Ch. 9.2 - Prob. 7ECh. 9.3 - Prob. 20ECh. 9.4 - The national mean annual salary for a school...Ch. 9.5 - A study by Consumer Reports showed that 64% of...Ch. 9.6 - Prob. 49ECh. 9 - Fifty-two percent of Americans report that they...Ch. 9 - Prob. 9.1.1CPCh. 9 - Prob. 9.1.2CPCh. 9 - Prob. 9.1.4CP
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