Question

Would the public prefer a new version over our existing product? We ran focus groups with the summary statistics shown below; Group 1 (existing product), of 45 people, 34 said they would buy this product Group 2(new product), of 35 people, 28 said they would buy the product Based on this information, what is the approximate test statistic, using New - Existing as the basis?

          Would the public prefer a new version over our existing product? We ran focus groups with the summary statistics shown below;
Group 1 (existing product), of 45 people, 34 said they would buy this product
Group 2(new product), of 35 people, 28 said they would buy the product
Based on this information, what is the approximate test statistic, using New - Existing as the basis?

Would the public prefer a new version over our existing product? We ran focus groups with the summary statistics shown below;
Group 1 (existing product), of 45 people, 34 said they would buy this product
Group 2(new product), of 35 people, 28 said they would buy the product
Based on this information, what is the approximate test statistic, using New - Existing as the basis?

Added by Nicholas D.

Elementary Statistics a Step by Step Approach

Allan G. Bluman 9th Edition

Instant Answer

Solved by Expert Audrey Fong

03/17/2022

Step 1

For Group 1 (existing product): Proportion = 34/45 = 0.7556 For Group 2 (new product): Proportion = 28/35 = 0.8 Show more…

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Would the public prefer a new version over our existing product? We ran focus groups with the summary statistics shown below; Group1(existing product),of 45 people,34 said they would buy this product Group2(new product),of 35people,28 said they would buy the product Based on this information,what is the approximate test statistic,using New-Existing as the basis?