Answer to Question #41784 in Statistics and Probability for surya

Question #41784

A food company is planning to market a new type of frozen yogurt. However, before marketing this
yogurt, the company wants to find what percentage of the people like it. The company’s management
has decided that it will market this yogurt only if at least 35% of the people like it. The company’s
research department selected a random sample of 400 persons and asked them to taste this yogurt. Of
these 400 persons, 112 said they like it. Test at 2.5% significance level, can you conclude that the
company should market this yogurt?

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