(Steps Shown) Taste Tests and Tasty t-tests You are a marketing manager at PepsiCo and have gathered taste test data. Your biggest competitor for one of your leading
Question: Taste Tests and Tasty t-tests
You are a marketing manager at PepsiCo and have gathered taste test data. Your biggest competitor for one of your leading soft drinks (Diet Pepsi) is Diet Coke. In your study you invited a random sample of individuals to participate in a focus group. Each participant was presented with the colas in random order with a glass of water to sip in between. Participants rated each cola on a scale from 1 to 7 (higher is better). See the TasteTest worksheet on the accompanying data spreadsheet. You only need the coloured columns; the first six are self-explanatory and column K indicates which cola each subject tasted first.
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Carry out three hypothesis tests from the perspective of PepsiCo to see whether their product is the preferred cola in the separate areas of taste, freshness, and quality. Use a 0.05 level of significance.
s - Now construct three 95% confidence intervals to supplement the three hypothesis tests you carried out in part a). Do the confidence intervals confirm the conclusions in part a)?
- State your methods and conclusions in a report from your perspective as a marketing manager at PepsiCo.
- Explain very briefly what would change in your computations and results if you carried out the hypothesis tests and confidence intervals from the perspective of Coca Cola.
Deliverable: Word Document 