Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A pizza restaurant wants to determine whether to open a store in a college town. He needs to have at least 15% of the town

A pizza restaurant wants to determine whether to open a store in a college town. He needs to have at least 15% of the town eat at the restaurant to justify the expense of opening. In order to check this, the owner surveys 100 residents and finds that 19 of them would eat pizza from his restaurant. Find a 95% confidence interval for the percentage of the town's population that would do business with the restaurant. Should the owner open the restaurant?

Step by Step Solution

3.46 Rating (149 Votes )

There are 3 Steps involved in it

Step: 1

The percentage of residents who would eat pizza from the restaurant in the sample is 19 n 100 About ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

A Pathway To Introductory Statistics

Authors: Jay Lehmann

1st Edition

0134107179, 978-0134107172

More Books

Students also viewed these Accounting questions

Question

(32b3)3/5 / (16b3)3/2 Simplify. Assume b and c are positive.

Answered: 1 week ago