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(Solution Library) A telephone survey gives 601 consumers two choices: Do they prefer Coke or Pepsi? Exactly 248 of those surveyed state that they prefer

Question: 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?

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