Suppose you wish to find out the answer to the questions “DoAmericans prefer Coke or Pepsi?†You conduct a blind taste test inwhich individuals are randomly asked to drink one of the colasfirst, followed by the other cola, and then asked to disclose whichdrink they prefer. The results of your taste test indicate that 53of 100 individuals prefer Pepsi. Conduct a hypothesis test todetermine if more than 50% of people prefer Pepsi to coca-cola. Usethe ? = 0.05 level of significance.
