Last year, a soft drink manufacturer had 21% of the market.In order to increase their portion of the market, the manufacturer has introduced a new flavor in their soft drinks.A sample of 400 individuals participated in the taste test and 100 indicated that they like the taste.We are interested in determining if more than 21% of the population will like the new soft drink.
a.
Set up the null and the alternative hypotheses.
b.
Determine the test statistic.
c.
Determine the p-value.
d.
Using α = .05, test to determine if more than 21% of the population will like the new soft drink.

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The Answer of Last year, a soft drink manufacturer had 21% of the market.In order to increase their portion of the market, the manufacturer has introduced a new flavor in their soft drinks.A sample of 400 individuals participated in the taste test and 100 indicated that they like the taste.We are interested in determining if more than 21% of the population will like the new soft drink.
a.
Set up the null and the alternative hypotheses.
b.
Determine the test statistic.
c.
Determine the p-value.
d.
Using α = .05, test to determine if more than 21% of the population will like the new soft drink.

Last Year, a Soft Drink Manufacturer Had 21% of the Market.In