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A restaurant feeds 400 customers per day. On the average 20 percent of the customers order apple pie.
(a) Give a range (called a 95 percent confidence interval) for the number of pieces of apple pie ordered on a given day such that you can be 95 percent sure that the actual number will fall in this range.
(b) How many customers must the restaurant have, on the average, to be at least 95 percent sure that the number of customers ordering pie on that day falls in the 19 to 21 percent range?
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The general social survey is an annual survey given to about 1,500 U.S. adults selected at random. Each year, the survey contains several questions meant to probe the respondents' views of employment.
What would you recommend to Mary Smith, and why - Mary Smith is the Manager of Market Intelligence for Acme Automotive Accessories (AAA) Corporation, a $500 million manufacturing company traded on the NYSE.
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