Statistics Solutions

(Step-by-Step) A manager must decide how much of each ice cream flavor he should stock so that customer demands are satisfied but unwanted flavors don't result

Question: A manager must decide how much of each ice cream flavor he should stock so that customer demands are satisfied but unwanted flavors don't result in waste. The ice cream supplier claims that among the 4 most popular flavors, customers have these preference rates: 62% prefer vanilla, 18% prefer chocolate, 12% prefer Neapolitan, and 8% prefer vanilla fudge. A random sample of 200 customers produces the results below. At the \(\alpha \) = 0.05 significance level, test the claim that the supplier has correctly identified customer preferences.

Flavor Customers
Vanilla 120
Chocolate 40
Neapolitan 18
Vanilla Fudge 22

Price: $2.99
Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document


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