(Solved) 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 correctly
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 correctly 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 two soft drinks then the two brands are equally likely to be selected.)
- 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?
- What is the probability that the sample percentage of correct identifications is greater than 65%?
- Which is more like to occur—more than 60% correct identifications in the sample of 200 or more that 55% correct identifications in a sample of 1000? Explain.
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