According to a 2018 report for IFA Educational Foundation, 30.8% of all franchised businesses in the United

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According to a 2018 report for IFA Educational Foundation, 30.8% of all franchised businesses in the United States are minority owned. Suppose that you obtain a sample of 100 franchised businesses located in Mississippi and find that 22 are owned by minorities. Does this result lead you to conclude that the percentage of minority-owned franchises in Mississippi is less than the national value of 30.8%? Explain.

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Statistics For Business And Economics

ISBN: 9780136855354

14th Edition

Authors: James T. McClave, P. George Benson, Terry T Sincich

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