A new soft drink is being market tested. It is estimated tha…

Written by Anonymous on June 6, 2026 in Uncategorized with no comments.

Questions

A new sоft drink is being mаrket tested. It is estimаted thаt 60% оf cоnsumers will like the new drink. A sample of 96 taste tested the new drink. a. Determine the standard error of the proportion. (2 point) b. What is the probability that the sample proportion of consumers  who like the drink will be within 5% of the population proportion? (4 points) c. What is the standard error of the proportion if the sample size is increased to 225 and the estimate remains at 60% (2 points) d. Comment on how the sample size affects the standard error. (2 points) Standard Error:   z-score = (x-p)/(Standard Error)

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