A new soft drink is being market tested. It is estimated that 60% of consumers will like the new drink. A sample of 96 taste tested the new drink.
a.Determine the standard error of the proportion
b.What is the probability that more than 70.4% of consumers will indicate they like the drink?
c.What is the probability that more than 30% of consumers will indicate they do not like the drink?

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The Answer of A new soft drink is being market tested. It is estimated that 60% of consumers will like the new drink. A sample of 96 taste tested the new drink.
a.Determine the standard error of the proportion
b.What is the probability that more than 70.4% of consumers will indicate they like the drink?
c.What is the probability that more than 30% of consumers will indicate they do not like the drink?

A New Soft Drink Is Being Market Tested