A startup company wants to market a new soft drink. It decides to gamble by running commercials during the Super Bowl. The company hopes that the name recognition will be worth the cost of the ads....

Extracted text: A startup company wants to market a new soft drink. It decides to gamble by running commercials during the Super Bowl. The company hopes that the name recognition will be worth the cost of the ads. The goal of the company is that over 35% of the public recognize the brand name and associate it with soft drinks. The day after the Super Bowl, a pollster contacts 420 randomly selected adults and finds that 166 recognize the company name and that they produce soft drinks. a. State the null and alternative hypotheses and define the parameter of interest. b. Calculate the test statistic and the p-value. Draw the picture. c. Interpret the P-value in context