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The Coca-Cola Company Has 40% of the Cola Market

Question 24

Multiple Choice

The Coca-Cola Company has 40% of the cola market.Determine the probability that a sample proportion for n = 30 is within 0.10 of the true proportion of 0.40,which is the proportion of cola drinkers who prefer a Coca-Cola drink.In this particular market,the population size of those who drink cola is 50.


A) 0.7372
B) 0.3686
C) 0.4599
D) 0.9198
E) Not enough information given to make calculation.

Correct Answer:

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