A fast food company has decided to open a store in a city if more than 70% of the inhabitants eat out more than 3 times each week. The company polls 50 families and finds that 68% of them each out more than 3 times each week. Using 90% confidence level, answer the following questions. Which is the correct conclusion? a) The company should build a restaurant in the town since the null hypothesis is not rejected. b) The company should build a restaurant in the town since the null hypothesis is rejected. c) The company should not build a restaurant in the town since the null hypothesis is not rejected. d) The company should not build a restaurant in the town since the null hypothesis is rejected.
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
A fast food company has decided to open a store in a city if more than 70% of the inhabitants eat out more than 3 times each week. The company polls 50 families and finds that 68% of them each out more than 3 times each week. Using 90% confidence level, answer the following questions.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 3 images
