Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Question: Marketing and Consumer Behavior Seafood restaurants along the coast of New England offer a variety of entrees, but lobster is the most popular meal. At Newick's Seafood Restaurant in Dover, New Hampshire, 37% of all diners order lobster. Suppose 120 customers are selected at random, and the meal ordered by each is recorded.

a. Find the distribution of the sample proportion of diners who order lobster, and carefully sketch the probability distribution.

b. Find the probability that the sample proportion of diners who order lobster is less than 0.30.

c. Find the probability that the sample proportion of diners who order lobster is between 0.35 and 0.40.

d. The manager of Newick's is concerned that more customers might be ordering lobster. This would require a change in restaurant ordering and a shift in kitchen staff. Suppose the actual proportion of diners who order lobster is 0.42. Is there any evidence to suggest that the proportion of diners who order lobster has increased? Justify your answer.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92556148
  • Price:- $10

Priced at Now at $10, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

The number of people arriving for treatment at an emergency

The number of people arriving for treatment at an emergency room can be modeled by a Poisson process with a mean of 7 people per hour. How many people do you expect to arrive during a 55-minute period?

Sally inherited some property from her family it includes

Sally inherited some property from her family, it includes two homes, one in Stone Harbor and one in Maui. (nice family). Sally is thinking of selling the properties but wants to make sure she gets a fair price. The two ...

In developing their warranty policy a washing machine

In developing their warranty policy, a washing machine company estimates that over a 1-year period 15% of their new washing machine will need to be repaired. You and your neighbor both purchase a new washing machine. 1) ...

Provide an example of population parameter sample and

Provide an example of population, parameter, sample, and census in a business research project. Why is it important to define the population clearly and precisely in a business research project?

A factory makes parts for laptop computers including screws

A factory makes parts for laptop computers, including screws. The screws are required to have the right length. The lengths of the screws obey a normal distribution with mean μ=4.25 millimeters and standard deviation σ=0 ...

Research research and sample 5000 household concerning tv

Research research and Sample 5000 household concerning TV shows they watch. Based on the sample 18% reported watching 60 Minutes. What is the 95% confidence interval for the proportion of all Americans that watch 60 minu ...

1 summary statistics for returns on two stocks x and y are

1. Summary statistics for returns on two stocks X and Y are listed below. Mean Variance Stock X 2.83% 0.006000 Stock Y 5.98% 0.003000 The covariance of returns on stocks X and Y is 0.001500. Consider a portfolio of 80% s ...

Determine the sample size n needed to construct a 99

Determine the sample size n needed to construct a 99?% confidence interval to estimate the population mean when σ=24 and the margin of error equals 9.

What statistic was calculated to determine differences

What statistic was calculated to determine differences between the intervention and control groups for the lumbar and femur neck BMDs? Were the groups significantly different for BMDs?

Introduction to statistics assignment - inferential

Introduction to Statistics Assignment - Inferential Statistics Analysis and Writeup Purpose: The purpose of this assignment is to develop and carry out an inferential statistics analysis plan and write up the findings. T ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As