a business woman is planning to have a restaurant in the university belt she wants to study the weekly food allowance of the students in order to plan her pricing strategy for the different menus she is going to office she asked 213 the students and gather the following data. what percentage of the students have weekly food allowance that is at most 170 pesos. a. Determine the weekly food allowance where 60% of the students have at most. b. What percentage of the students have a weekly food allowance that is at most 170 pesos? c. If the business woman wanted to have at least 50% of the students could afford to eat in her restaurant, what should be the minimum total cost of the meals that the student could have in a week?
a business woman is planning to have a restaurant in the university belt she wants to study the weekly food allowance of the students in order to plan her pricing strategy for the different menus she is going to office she asked 213 the students and gather the following data. what percentage of the students have weekly food allowance that is at most 170 pesos. a. Determine the weekly food allowance where 60% of the students have at most. b. What percentage of the students have a weekly food allowance that is at most 170 pesos? c. If the business woman wanted to have at least 50% of the students could afford to eat in her restaurant, what should be the minimum total cost of the meals that the student could have in a week?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
a business woman is planning to have a restaurant in the university belt she wants to study the weekly food allowance of the students in order to plan her pricing strategy for the different menus she is going to office she asked 213 the students and gather the following data. what percentage of the students have weekly food allowance that is at most 170 pesos.
a. Determine the weekly food allowance where 60% of the students have at most.
b. What percentage of the students have a weekly food allowance that is at most 170 pesos?
c. If the business woman wanted to have at least 50% of the students could afford to eat in her restaurant, what should be the minimum total cost of the meals that the student could have in a week?
Transcribed Image Text:A businesswoman is planning to have a restaurant in the university belit. She
wants to study the weekly food allowance of the atudents in order to plan her
pricing strtegy for the different menus she is going to offer. She asked 213
wtudents and gathered the following data:
Weekly
Weekly
Food
Frequency
Frequency
Food
Allowance
Allowance
550
3.
50
100
3.
600
18
150
6.
700
22
8.
750
800
170
16
200
8.
11
006
1000
250
27
300
1200
1500
350
3
400
450
11
1700
1
500
46
2000
a. Determine the weekiv food allowance where 60% of the students have at most
b. What percentage of the students have a weekly food allowance that is at mc
pesos?
c. If the business woman wanted to have at least 50% of the students could
eat in her restaurant, what should be the minimum total cost of the meals
student could have in a week?
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