subject
Business, 19.04.2021 18:30 Jaaaack

The manager of John’s supermarket received complaints from Cashiers at the supermarket that many customers who used the express check-out lane have
more than the stipulated number of items for the lane. The express check-out
lanes are limited to customers purchasing 10 or fewer items. A recently taken
random sample of 150 customers entering express lanes at this supermarket
found that 84 of them had more than 10 items.
a. What is the point estimate of the mean number of customers who enter
the express lanes with more than 10 items? (2 mark)
b. Construct a 99% confidence interval for the percentage of all customers
at this supermarket who enter express lanes with more than 10 items (6
marks)
c. What does the 99% confidence interval mean from part (b)? (2 marks)

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 19:00
1. regarding general guidelines for the preparation of successful soups, which of the following statements is true? a. thick soups made with starchy vegetables may thin during storage. b. soups should be seasoned throughout the cooking process. c. finish a cream soup well before serving it to moderate the flavor. d. consommés take quite a long time to cool.
Answers: 2
question
Business, 22.06.2019 20:00
Ryngard corp's sales last year were $38,000, and its total assets were $16,000. what was its total assets turnover ratio (tato)? a. 2.04b. 2.14c. 2.26d. 2.38e. 2.49
Answers: 1
question
Business, 22.06.2019 21:00
China's new 5 percent tax on disposable wooden chopsticks, reflecting concerns about deforestation, has been praised by environmentalists. the move is hitting hard at the japanese, who consume 25 billion set of wooden chopsticks annually. almost all of the chopsticks used in japan come from china. the reuirements for chinese manufacturers of wooden chopsticks to pay the 5 percent tax is a factor in their external environment.
Answers: 3
question
Business, 23.06.2019 03:00
Why is the type of product sold in an industry an important characteristic? a firm that can differentiate its product from that of rivals may be able to charge a higher price for a superior product. a firm that sells intangible goods is usually considered a monopoly. service industries cannot differentiate their products, which makes it easy for new firms to enter the industry. expensive products are usually sold by perfectly competitive firms.
Answers: 2
You know the right answer?
The manager of John’s supermarket received complaints from Cashiers at the supermarket that many cu...
Questions
question
Mathematics, 27.01.2021 05:00
question
Mathematics, 27.01.2021 05:00
question
Mathematics, 27.01.2021 05:00
question
Mathematics, 27.01.2021 05:00
Questions on the website: 13722360