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Francisco makes frozen tequnos

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Francisco, a person from South America, moved to Toronto some years ago. He recently started a business. Francisco makes frozen tequnos and sell them at different grocery stores across the city. After 6 months with this company Francisco wants to know what the approval rate of his product is. after to do this he decides to make a survey asking his clients whether they like tequños. Francisco uses a consulting firm who makes a poll. The firm randomly selects 600 customers and tells Francisco that the approval rate of his product is between 48% and 58%. Francisco is not sure the consulting firm provided all the information they have at hand so he wants to know how much he can relay on the results from the consulting firm. What information did the company hide from Francisco? You should provide at least two statistical values.

Reference no: EM133220353

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