Two of the biggest soft drink rivals, Pepsi and Coke, are very concerned about their market...

Two of the biggest soft drink rivals, Pepsi and Coke, are very concerned about their market shares. The pie chart that follows claims that PepsiCo's share of the beverage market is 24%. Assume that this proportion will be close to the probability that a person selected at random indicates a preference for a Pepsi product when choosing a soft drink. U.S. Refreshment Beverage Market Share† A group of n = 500 consumers is selected and the number preferring a Pepsi product is recorded. Use the normal curve to approximate the following binomial probabilities. (Round your answers to four decimal places.)

(b) Between 120 and 130 consumers (inclusive) prefer a Pepsi product.

Expert Solution

here is the solution and for the table please refer the 2nd image :

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TABLE :

P.S. (please upvote if you find the answer satisfactory)

orchestra answered 2 years ago

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