A small ice cream parlor has had great success over the past several years and isinterested in expanding into handmade chocolate candies. A poll of 56 randomlyselected customers was asked if they would purchase these chocolate candies. Fortyof the customers indicated that they would.CustomersStottetomers wto wouldnan eturer.d. The ice cream parlor needs at least 85% of its customers to purchase handmadechocolate candies to make this expansion profitable. Does it appear as if theexpansion into handmade chocolate candies will be profitable? Explain.

Answered: Image /qna-images/answer/e2637ec3-ce44-4faa-847f-c3218cee15ac.jpg

A small ice cream parlor has had great success over the past several years and is interested in expanding into handmade chocolate candies. A poll of 56 randomly selected customers was asked if they would purchase these chocolate candies. Forty of the customers indicated that they would. Quld lokcustomers who would Ur man cturer. d. The ice cream parlor needs at least 85% of its customers to purchase handmade chocolate candies to make this expansion profitable. Does it appear as if the expansion into handmade chocolate candies will be profitable? Explain.

A small ice cream parlor has had great success over the past several years and is interested in expanding into handmade chocolate candies. A poll of 56 randomly selected customers was asked if they would purchase these chocolate candies. Forty of the customers indicated that they would. Quld lokcustomers who would Ur man cturer. d. The ice cream parlor needs at least 85% of its customers to purchase handmade chocolate candies to make this expansion profitable. Does it appear as if the expansion into handmade chocolate candies will be profitable? Explain.

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Related questions

Q: Atlanta Airlines routinely overbooks its flight from At- lanta to Boston. Overbooking discounted…

A: Revenue per seat = $300. Overbooking price per seat =$450. The 120-passenger jet costs about $6000…

Q: Some news organization maintain a database of customers who have volunteered to share their opinions…

A: Correct option is (D).

Q: A study sample was recruited to examine whether a smoking cessation program may be successful in the…

A: The objective of this question is to construct a 95% confidence interval for the true percentage of…

Q: n 1995 a magazine reported the results of a poll of adult Americans in which it asked, "Have you…

Q: Suppose that the results of a survey show that 59% of people consider summer as their favorite…

A: Given information: The proportion of people consider summer as their favorite season is 59%. The…

Q: Of the 328 patients that completed the survey last year, 211 of them claimed to be returning…

A: Given: 328 patients completed the survey 211 patients returning

Q: The lottery commissioner's office in a state wanted to find if the percentages of men and women who…

A: It is given that the sample of 490 men, in that 150 play the lottery often and the sample of 315…

Q: In a CBS News survey done in 2006, 88% of n = 348 randomly sampled married men said that they would…

A: Given that Sample sizes n1=348 , n2=584 Sample proportion p1^=0.88 , p2^=0.84

Q: Suppose a certain virus (sorry!) affects 0.3% of the population. A test used to detect the virus is…

A: 0.3% of 100000 population have virus. 0.3*100000/100= 300 people have virus. 88% have virus and…

Q: Suppose that the results of a survey show that 38% of people consider summer as their favorite…

A: Given that p =0.38,Margin of error (E ) = 0.04 n =?

Q: Hospital records show that 425 of the 850 patients who contracted a strain of influenza recovered…

Q: A survey of 12,078 men in a particular country found that 46.9% received an influenza vaccine for a…

A: Explanation: Population: The population is the entire population of the particular group or country…

Q: A survey reported that 10% of 1800 employees favored a new insurance program. How many employees…

Q: A poll done for Newsweek found that 15% of Americans have seen or sensed the presence of an angel. A…

A: In statistic, Individual means, a thing on which the characteristics is studied. The total…

Q: In a survey of 1000 students it was found that 840 own a cell phone, 450 own an MP3 player and 370…

Q: An appliance store sells additional warranties on its refrigerators. Twenty percent of the buyers…

A: We have given following information: of buyers buy the limited warranty for . of buyers buy the…

Q: Several years ago, two companies merged. One of the concerns after the merger was the increasing…

A: Hey there! Thank you for posting the question. Since your question has more than 3 parts, we are…

Q: a. Identify the population(s). of those who take the drug actually get headaches. 5% of those who…

A: It is given that a deug company that an allergy medication causes headaches in 5% of thise who take…

Q: A car dealership is deciding the proportion of cars they will order with cloth seats. You have been…

A: We have to find sample size required for given margin of error.

Q: Suppose 20% of cars are sportscars and that 30% of sportscars are red, and that 25% of all cars are…

Q: A local retailer is trying to cut down on shipping costs. They are debating between FedEx or UPS as…

A: a). If difference of FedEx and Ups is different from zero, then it can be said that there is a…

Q: A business magazine mailed a questionnaire to the treasurers of all of the Top 400 most profitable…

A: A ‘population’ is defined as a set or collection of all the individual persons, objects, events, and…

Q: A big concert was held at the Bowl. Men and women had to go through separate lines to enter. The…

Q: A city official would like to know if there is public support for increasing funding for arts…

A: Here the city official is collecting the data by standing the concert hall after a show and surveys…

Q: A fundraiser is offering a small gift to people making a donation. The donor can choose one of four…

A: The data shows four gifts with a mug, a t-shirt, a plush toy, and a water bottle.

Q: A company conducted a marketing survey of its clientele and found that 215 own an iPhone and 106 own…

A: It is given that 215 of the clients own an iPhone and 106 own an iPad. If 19 clients own both an…

Q: The Student Union President conducted a survey to estimate the proportion of first year students who…

A: Undercoverage bias is a type of sampling bias that occurs when some parts of a research population…

Q: who use their own cups when they purchase a coffee beverage, and the proportion of customers who use…

A: Given that Sample sizes n1=50 , n2=50 Favorable cases x1=24 , x2=18 99%confidence interval.

Q: Indiana has a population of about 7 million people and Ohio about 12 million. Is it possible for…

A: Advance maths

Q: A professor wanted to study the number of hours statistics students spend studying statistics each…

A: Given that a researcher studying the number of hours statistics students spend studying statistics…

Q: In a bag of 330 chocolate candies, 34 of them are brown. The candy company claims that 13% of its…

Concept explainers

Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.

Question

A small ice cream parlor has had great success over the past several years and is
interested in expanding into handmade chocolate candies. A poll of 56 randomly
selected customers was asked if they would purchase these chocolate candies. Forty
of the customers indicated that they would.
Customers
Stottetomers wto would
nan eturer.
d. The ice cream parlor needs at least 85% of its customers to purchase handmade
chocolate candies to make this expansion profitable. Does it appear as if the
expansion into handmade chocolate candies will be profitable? Explain.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 3 steps with 3 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

$Point Estimation, Limit Theorems, Approximations, and Bounds$

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.

Similar questions

Last year 46% of business owners gave a holiday gift to their employees. A survey of business owners conducted this year indicated that 35% plan to provide a holiday gift to their employees. Suppose the survey results are based on a sample of 60 business owners. How many business owners in the survey plan to provide a holiday gift to their employees this year?
Suppose that the results of a survey show that 40% of people consider summer as their favorite season. How many people should be surveyed in order to have a margin of error of 4%? Round up to the nearest whole number, if necessary. In order to have a margin of error of 4%, people should be surveyed.
To determine the amount of sugar in a typical serving of breakfast cereal, a student randomly selected 60 boxes of different types of cereal from the shelves of a large grocery store. The student noticed that the side panels of some of the cereal boxes showed sugar content based on one-cup servings, while others showed sugar content based on three- quarter-cup servings. Many of the cereal boxes with side panels that showed three-quarter-cup servings were ones that appealed to young children, and the student wondered whether there might be some difference in the sugar content of the cereals that showed different-size servings on their side panels. To investigate the question, the data were separated into two groups. One group consisted of 29 cereals that showed one-cup serving sizes; the other group consisted of 31 cereals that showed three-quarter cup serving sizes. The boxplots shown below display sugar content (in grams) per serving of the cereals for each of the two serving sizes.…
A statistics teacher asked two different students, Lexie and Jennifer, to go to Wegmans and sample 30 shoppers each. The population of interest for both people can be defined as, “People who shop at the Johnson City, NY Wegmans store”. Here is what each person did to collect their sample: Lexie: She stood outside at the entrance to the store on 3 different days and times and surveyed every 15th person to walk by her. She surveyed 10 people each time to get her 30. Jennifer: She went to Wegmans after her nursing shift first thing Wednesday morning to buy deodorant since she ran out. When she was in the pharmacy area she surveyed all the people around her and then, to get up to 30 surveys, she went to the health food section and surveyed everyone she was there. Identify at least 2 specific reasons why Lexie’s approach is more likely to give a representative sample. Consider sources of bias, or types of shoppers who might be excluded by Jennifer’s approach.…
An interdepartmental task force is being formed to investigate an increase in violent crimes. 1/5 of the task force will be police officers from the local precinct. 1/4 will be ATF agents, and the remaining 22 will be from the FBI. How many people are participating in the task force?
There are 150 flights expected to take off or land within one day at the planned Pickering airport. If 92% of the flights are expected to be on time, how many flights are unlikely to be on time?
Español Among college students, the proportion p who say they're interested in their congressional district's election results has traditionally been 65%. After a series of debates on campuses, a political scientist daims that the proportion of college students who say they're interested in their district's election results is more than 65%. A poll is commissioned, and 173 out of a random sample of 260 college students say they're interested in their district's election results. Is there enough evidence to support the political scientist's claim at the 0.05 level of significance? Perform a one-tailed test. Then complete the parts below. Carry your intermediate computations to three or more decimal places. (If necessary, consult a list of formulas.) (a) State the null hypothesis H, and the alternative hypothesis H1. H, :0 H :0 (b) Determine the type of test statistic to use. (Choose one) D=0 OSO (c) Find the value of the test statistic. (Round to three or more decimal places.) ロ=ロ O
Suppose that the results of a survey show that 38% of people consider summer as their favorite season. How many people should be surveyed in order to have a margin of error of 6%? Round up to the nearest whole number, if necessary. In order to have a margin of error of 6%, people should be surveyed.
The results of a recent study show that the proportion of people in the western United States who use seat belts when riding in a car or truckis under 84%. You want to support this claim.
A fundraiser is offering a small gift to people making a donation. The donor can choose one of four gifts: a mug, a t-shirt, a plush toy, or a water bottle. The fundraiser would like to know if any of the gifts were more or less popular or were they equal in preference. The data for n= 40 donors are below: