Determining the percentage of confidence level

Assignment Help Basic Statistics
Reference no: EM132428689

Problem: A fast food restaurant has been considering dropping the pickles from its burgers. There is some sentiment that the ubiquitous pickle adds to the cost of the sandwich, but most people remove them anyway. The CEO decides that if we can be reasonably certain more than two-thirds of customers remove the pickle, then the pickle should no longer be placed on the sandwich (except by request). The operation manager was enlisted to spy on a random sample of one thousand customers. He found that 70 percent removed the pickle.

If the management wants to use confidence interval concept, to decide what they should do:

In what percentage of confidence level below that we can NOT be sure that more than two-thirds of customers remove the pickle?

Reference no: EM132428689

Questions Cloud

Discuss a strategy for dismantling racism : Discuss the research findings of three recent (within 5 years) peer-reviewed journal articles from our library that discuss strategies for dismantling racism
Difference between males and females in proportion : Is there evidence of a significant difference between males and females in proportion who enjoy shopping for clothing at the 0.01 level of significance?
BENV0086 Building Systems Modelling Assignment : BENV0086 Building Systems Modelling Assignment Help and Solution, UCL Institute for Environmental Design and Engineering - Assessment Writing Service
What is the relationship between art and philosophy : Discuss the avocado idea of the self and explain at least one version of the idea that human beings have a shared essential nature.
Determining the percentage of confidence level : In what percentage of confidence level below that we can NOT be sure that more than two-thirds of customers remove the pickle?
Indicate higher levels of mathematical utility : Using the High School Longitudinal Survey. Note the relevant statistics, comment on meaningfulness, and include your relevant SPSS output.
Determine the amount that Henrietta can deduct : Henrietta, the owner of a very successful hotel chain, Determine the amount that Henrietta can deduct in the current year for investigating these two businesses
Identify two deviant acts that the internet facilitates : Identify at least 2 deviant acts that the internet facilitates.
How will you behave when posed with an ethical decision : How do corporate executives justify actions that appear to be clearly unethical? How will you behave when posed with an ethical decision

Reviews

Write a Review

Basic Statistics Questions & Answers

  Assume that the given procedure yields a binomial

assume that the given procedure yields a binomial distribution with n trials and the probability of success for one

  Find the iqr for the mean amount

Find the IQR for the mean amount of time 64 batteries last.

  Design an algorithm to simulate chi-square distribution

Design an algorithm to simulate chi-square distribution with 2k freedom via general transformation method.

  Define that the university favor the semester system

Suppose that 35% of the students at a university favor the semester system, 60% favor the quarter system, and 5% have no preference.

  Find the variance of waiting time in two checkout counters

A large department store wants to test whether the variance of waiting time in two checkout counters is approximately equal.

  Problem regarding the appropriate statistics terms

In many state lotteries you can choose which numbers to play. Consider a common form in which you choose 5 numbers. Which of the following strategies can improve your chance of winning? If the method works, explain why. If not, explain why using a..

  Calculate the mean median and mode for the given data

This problem relates to Basic Statistics and it is about calculate the mean, median and mode for the given data

  A student has been assigned 12 textbooks 3 for math 5 for

a student has been assigned 12 textbooks 3 for math 5 for music 4 for biology. she decides to keep all her books on one

  Find percent of sat verbal scores are less

What percent of the SAT verbal scores are less than 675? If 1000 SAT verbal scores are randomly selected about how many would you expect to be greater than 575?

  Accumulated cars to enter the intersection

A traffic signal is said to "fail" if it does not provide a sufficiently long green signal for the accumulated cars to enter the intersection.

  Farmers are planning to plant genetically modified crops

A newspaper reports have 58 percent of farmers are planning to plant genetically modified crops presesnt year. The article adds that the poll is based on a random sample.

  Identify stores that denise should recommend to the family

Agency for New Americans Denise Walker collapsed at home after her first outing as a volunteer for the Agency for New Americans in Raleigh, North Carolina.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd