A manager must decide how much of each ice cream flavor he should stock so that customer demands are
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 solution consists of 1 page
Deliverables: Word Document
Deliverables: Word Document