A Caterer Proposes to Serve Four Main Courses Of the First 100 Customers, 44 Select Roast Beef, 24

question 96

Essay

A caterer proposes to serve four main courses. For planning purposes, the caterer expects that the proportions of each that will be selected by customers will be: $$\begin{array} { | l | c | } \hline \text { Selection } & \text { Proportion } \\\hline \text { Roast beef } & 0.50 \\\hline \text { Chicken } & 0.20 \\\hline \text { Fish } & 0.10 \\\hline \text { Vegeterian } & 0.20 \\\hline\end{array}$$ Of the first 100 customers, 44 select roast beef, 24 select chicken, 13 select fish, and 19 select the vegetarian meal. Should the caterer revise the estimates? Use $\alpha$ = 0.05.

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Definitions:

Return on Investment

A financial ratio that calculates the profitability of an investment by dividing the profit from the investment by the cost of the investment.

Goal Congruence

The alignment of individual, team, or department goals with the overall objectives of the organization to ensure everyone is working towards the same outcomes.

Expectancy Theory

A theory in psychology that explains the process individuals undergo to make decisions based on the expected outcomes of their actions.

Incentive System

A method or plan used to motivate individuals or groups towards achieving certain performance goals.