(Step-by-Step) You plan to conduct a marketing experiment in which students are to taste one of two different brands of soft drink. Their task is to identify
Question:
You plan to conduct a marketing experiment in which students are to taste one of two different brands of soft drink. Their task is to identify the brand tasted. You select a random sample of 200 students and assume that the students have no ability to distinguish between the two brands. (Hint: if an individual has no ability to distinguish
between the two soft drinks, then each brand is equally likely to be selected).
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What is the probability that the sample will have between 50% and 60% of the identifications correct?
- The probability is 90% that the sample percentage is contained within what symmetrical limits of the population percentage?
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What is the probability that the sample percentage of correct identifications is greater than 65%?
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Which is more likely to occur—more than 60% correct identifications in the sample of 200 or more than 55% correct identifications in a
sample of 1,000? Explain.
Deliverable: Word Document 