(Problem Set #8) A new soft drink is being market tested. A sample of 120 individuals participated in the taste test and 36 indicated that they like the taste. We are interested in determining if more...

Extracted text: (Problem Set #8) A new soft drink is being market tested. A sample of 120 individuals participated in the taste test and 36 indicated that they like the taste. We are interested in determining if more than 25% of the consumers will like the new soft drink. Let p = the proportion of all consumers who like the new soft drink. At a 5% significance level a. we can conclude that less than 20% of the consumers like the new drink b. we can conclude that more than 20% of the consumers like the new drink O C. we cannot conclude that more than 20% of the consumers like the new drink O d. we cannot tell anything from the information provided