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Suppose that among the population of all new restaurants, 90% of them will close within a year of opening. a) Given a sample of 200
Suppose that among the population of all new restaurants, 90% of them will close within a year of opening.
a) Given a sample of 200 new restaurants, what's the chance that between 85% and 95% of them will be close within a year?
b) Given a sample of 1000 new restaurants, what's the chance that between 85% and 95% of them will be close within a year?
c) Explain the difference between your answers to a) and b).
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