Estimate the number of customers in the sample

Assignment Help Applied Statistics

Reference no: EM13767468

Bob's, a fast-food chain specializing in hot dogs and garlic fries, keeps track of the proportion of its customers who decide to eat in the restaurant (as opposed to ordering the food "to go") so it can make decisions regarding the possible construction of in-store play areas, the attendance of its mascot Bobbie at the franchise locations, and so on. Bob's reports that 48% of its customers order their food to go. Suppose that this proportion is correct and that a random sample of 50 individual customers is taken.

1. Estimate the number of customers in the sample who order their food to go by giving the mean of the relevant distribution (that is, the expectation of the relevant random variable). Do not round your response.

2. Quantify the uncertainty of your estimate by giving the standard deviation of the distribution. Round your response to at least three decimal places.

Reference no: EM13767468

Questions Cloud

Write an introductory statement of the company : Write an introductory statement of the company including but not limited to the type of the company, the location, the industry in which it competes, and the organizational vision and mission that encompasses the nature of the company.

Create a memo for security controls and counter measures : Create a memo in which you do the following: Evaluate the likelihood of the threats discussed in part A. Recommend security controls and counter measures that should be instituted to mitigate these threats.

Taylor is applying for a position as a teller : Taylor is applying for a position as a teller at First Bank and Trust Company of Tinseltown. He submits a resume and attends an interview with the human resources department and, a few days later, gets a call from the human resources department telli..

Avoiding future frauds : Write a paper that describes the main aspects of the regulatory environment which will protect the public from fraud within corporations, Pay particular attention to SOX requirements. Assume your reader already knows SOX law - do not repeat it in..

Estimate the number of customers in the sample : Bob's, a fast-food chain specializing in hot dogs and garlic fries, keeps track of the proportion of its customers who decide to eat in the restaurant (as opposed to ordering the food "to go") so it can make decisions regarding the possible construct..

A manager of a shoe manufacturing plant : 1. Assume that a manager of a shoe manufacturing plant wants to practice management by exception. What are some types of reports that would be helpful? 2. Of the six systems elements that you can form the basis for system control design, which one do..

What is puck surprised to see at the funeral : What is Puck surprised to see at the funeral? What does Tommy's dad mean when he tells Puck that he "would've lost him either way"?

Glacial period related problem : What do you think the effects on humans will be if the climate continues to warm precipitously?

Approximate the probability that at most will be defective : A manufacturing process produces semiconductor chips with a known failure rate of .If a random sample of chips is selected, approximate the probability that at most will be defective.Use the normal approximation to the binomial with a correction for ..

User Account

All Pages