In 2005, McDonalds had 31,886 restaurants systemwide. Of these, 18,334 were operated by franchisees, 9283 by the
Question:
In 2005, McDonald’s had 31,886 restaurants systemwide. Of these, 18,334 were operated by franchisees, 9283 by the company, and 4269 by affiliates. What is the probability that a randomly selected McDonald’s restaurant is operated by either a franchisee or an affiliate?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
Number of restaurants owned by McDonalds 31886 Number of McDonalds restaurant operated by franch...View the full answer
Answered By
ASHWINI GUPTA
An MBA graduate from one of the best b-schools in India with a proven history of excelling in academics by cracking some of the toughest exams like IITJEE, CAT, BITSAT. A Linear programming enthusiast and derives utmost satisfaction in solving practical business problems through Linear Programming formulation
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Mathematics questions
-
In 2008, McDonalds had 31,967 restaurants system wide. Of these, 21,328 were operated by franchisees, 6502 by the company, and 4137 by affiliates. What is the probability that a randomly selected...
-
In the Sullivan Statistics Survey, individuals were asked to disclose the number of televisions in their household. In the following probability distribution, the random variable X represents the...
-
The probability histogram on the following page represents the number of live births by a mother 50 to 54 years old who had a live birth in 2007. (a) What is the probability that a randomly selected...
-
According to Thomson Financial, last year the majority of companies reporting profits had beaten estimates. A sample of 162 companies showed that 114 beat estimates, 29 matched estimates, and 19 fell...
-
A student spends he "conspicuous consumption" bud , M, on ski lift passes (x) and shoes (y). The price of a ski lift pass is Px and the price of a pair of shoes is p. Her utility from the consumption...
-
Apple Inc. is an international corporation that designs, manufactures, and markets a range of mobile communication and media devices, personal computing products, and portable digital music players,...
-
Write the equation that describes the circle of radius 3 that is centered at \(z=2-i\) in (a) Cartesian form (in terms of \(x\) and \(y\) ); (b) polar form (in terms of \(\theta\) and \(r\) ); (c)...
-
The common stock of Warner Inc. is currently selling at $110 per share. The directors wish to reduce the share price and increase share volume prior to a new issue the per share par value is $10;...
-
4. Consider a stock that is expected to pay $2 dividends next year, $3 dividends in 2 years, $4 dividends in 3 years, and, after that, the dividends are expected to grow at a constant rate of 6% per...
-
The Dorton University president has asked the OSCM department to assign eight biology professors (A, B, C, D, E, F, G, and H) to eight offices (numbered 1 to 8 in the diagram) in the new biology...
-
It has been reported that the 44,300 employees of Northwest Airlines are distributed among the following corporate functions: For the sample space consisting of Northwest employees: a. Draw a Venn...
-
Change the arrival rate at Joshs Hot Dogs in question 9 above, to 14 customers per hour. What impact does this have on the queuing characteristics? What is the probability that there is more than one...
-
Soccer Emporium provided the following information for the current year. Simplified Income StatementAmount Sales..$ 567,000 Depreciation Expense (52,000) Selling, General, and Administrative Expenses...
-
Fill in the Blank. The flutter of turbine blades is an example of ___________ vibration.
-
Fill in the Blank. In self-excited systems, the ___________ itself produces the exciting force.
-
Fill in the Blanks. The center of __________ can be used advantageously in a bat.
-
Fill in the Blanks. The mechanical clock represents a(n) __________ pendulum.
-
Fill in the Blanks. The __________ coefficient can be used to compare the damping capacity of different engineering materials.
-
The following data are from annual reports of Justin's Jewellery Company: Required: Compute Justin's total asset turnover ratio and its return on assets for 2016 and 2017. What do these results...
-
The activities listed in lines 2125 serve primarily as examples of A) Underappreciated dangers B) Intolerable risks C) Medical priorities D) Policy failures
-
In 2004, 50% of all U.S. families had a net worth less than $93,000. What is the probability that exactly three of a randomly selected sample of five families would have a net worth less than $93,000?
-
Determine the mean, variance, and standard deviation of the following discrete probability distribution: 4 Px) 0.10 0.30.300.20 0.10
-
A trucking company has found that its trucks average 0.2 breakdowns during round trips from New York to Los Angeles. a. What is the probability that a single truck will make the complete trip without...
-
Information about a technological change makes a major capital asset redundant or causes it to lose significant fair market and salvage value For this subsequent event, determine whether the event:...
-
Assignment 6 Based on what you have learned from chapter 11, implement a web app to display the weather forecast using Ajax with JavaScript. Features: Your page should be able to consume the...
-
impact on the cap rate and valuation of the property in case an investor plan on buying a property that declared bankruptcy. a. will they both increase b. will they both decrease c. will cap rate...
Public Accountability Designs Dilemmas And Experiences 1st Edition - ISBN: 9780521617611 - Free Book
Study smarter with the SolutionInn App