Ari and Bianca plan to open a computer store in their town of 25 000 people. They nee a bank loan to begin the business. As part of their loan application, they prepare a business plan. It includes this information. • We surveyed 60 adults in town to determine the level of support for our business venture. • We selected our sample by randomly choosing numbers out of the town phon book. •We called, asked to speak to an adult, then posed our question. harly impossible to function today without a computer. wn has no computer store. Do you agree that it would ood idea to have a computer store in town to serve ar computer needs? ongly agree mewhat agree mewhat disagree It Would Be a Good Idea to Have a Computer Store in Town Strongly disagree Somewhat 10% disagree 20% Somewhat agree Strongly agree 55%

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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5. Ari and Bianca plan to open a computer store in their town of 25 000 people. They need
a bank loan to begin the business. As part of their loan application, they prepare a
business plan. It includes this information.
• We surveyed 60 adults in town to determine the level of support for our
business venture.
• We selected our sample by randomly choosing numbers out of the town phone
book.
• We called, asked to speak to an adult, then posed our question.
It is nearly impossible to function today without a computer.
Our town has no computer store. Do you agree that it would
be a good idea to have a computer store in town to serve
all your computer needs?
Strongly agree
Somewhat agree
Somewhat disagree
Strongly disagree
It Would Be a Good Idea to Have
a Computer Store in Town
Strongly disagree
Somewhat 10%
disagree
20%
Somewhat agree
15%
Strongly agree
55%
• Our conclusion: Since 70% of the people would like a computer store in town,
we will have a good customer base for our business.
If you were the bank manager, would you find their survey persuasive?
Justify your answer.
Transcribed Image Text:5. Ari and Bianca plan to open a computer store in their town of 25 000 people. They need a bank loan to begin the business. As part of their loan application, they prepare a business plan. It includes this information. • We surveyed 60 adults in town to determine the level of support for our business venture. • We selected our sample by randomly choosing numbers out of the town phone book. • We called, asked to speak to an adult, then posed our question. It is nearly impossible to function today without a computer. Our town has no computer store. Do you agree that it would be a good idea to have a computer store in town to serve all your computer needs? Strongly agree Somewhat agree Somewhat disagree Strongly disagree It Would Be a Good Idea to Have a Computer Store in Town Strongly disagree Somewhat 10% disagree 20% Somewhat agree 15% Strongly agree 55% • Our conclusion: Since 70% of the people would like a computer store in town, we will have a good customer base for our business. If you were the bank manager, would you find their survey persuasive? Justify your answer.
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