1. Field tests if a low-calorie sport drink found that 80 of the 100 who tasted the beverage preferred it to the regular higher-calorie drink. A break-even analysis indicated that the launch of this...

Extracted text: 1. Field tests if a low-calorie sport drink found that 80 of the 100 who tasted the beverage preferred it to the regular higher-calorie drink. A break-even analysis indicated that the launch of this product will be profitable if the beverage is preferred by more than 75% of all customers. Should the company launch the product? Test at 0.05 level of significance.