BuyFind

STATISTICS F/BUSINESS+ECONOMICS-TE...

13th Edition
Anderson
Publisher: CENGAGE L
ISBN: 9781305881884
BuyFind

STATISTICS F/BUSINESS+ECONOMICS-TE...

13th Edition
Anderson
Publisher: CENGAGE L
ISBN: 9781305881884

Solutions

Chapter 8.4, Problem 38E

a.

To determine

Find the point estimate of the proportion of the population of casual dining restaurants with profit less than $50,000 last year.

b.

To determine

Find the margin of error and the 95% confidence interval for proportion of casual dining restaurants that earn profit less than $50,000.

c.

To determine

Find sample size if the margin of error is 0.03.

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