A blind taste test was used to determine people's preference for the taste of the "classic" cola and "new" cola. The results showed that 58 preferred the new, 42 preferred the old, and 30 had no preference. Test the hypothesis, at alpha = 0.05, that the preference is equal versus the preference is not equal.
State the value of X* =
State the p-value: < p-value <
Decision: (Enter R for reject Ho and F for fail to reject Ho)
Conclusion: Is there evidence to show a preference for the old versus the new cola? (enter yes or no)