more and more customers are choosing store brand products over
national brand products to save money. the president of a company
that produces national brand coffee claims that 40% of the
customers prefer to buy national brand coffee. A random sample of
700 customers who buy coffee showed that 259 of them buy national
brand coffee. Based on a 1% significance level, can you conclude
that the percentage of customers who buy national brand coffee is
different from 40%?