[Solution Library] 4.A telephone survey gives 601 consumers two choices: Do they prefer Coke or Pepsi? Exactly 248 of those surveyed state that they prefer Coke.
Question:
4.A telephone survey gives 601 consumers two choices: Do they prefer Coke or Pepsi? Exactly 248 of those surveyed state that they prefer Coke. Assuming that a = 0.02, test the hypothesis that the proportion of the population that prefers Coke is 70%.
State the null and alternate hypotheses
Calculate the sample proportion
Calculate the value of the test statistic.
-Determine the critical value(s).
State your decision: Should the null hypothesis be rejected?
Deliverable: Word Document 