A Pizza Chain Is Considering Opening a New Store in an Area

question 74

Multiple Choice

A pizza chain is considering opening a new store in an area that currently does not have any such stores.The chain will open if there is evidence that more than 5,000 of the 20,000 households in the area have a favorable view of its brain.It conducts a telephone poll of 300 randomly selected households in the area and finds that 96 have a favorable view.The value of the test statistic in this problem is approximately equal to:

• A)2.80
• B)2.60
• C)1.94
• D)1.30

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Definitions:

Staff Experience

The collective knowledge, skills, and expertise that employees bring to their workplace.

Supply-Chain Management

The administration of goods and services' flow, which includes the transportation and storage of raw materials, inventory in progress, and completed products from their starting location to their end-use destination.

Profit Margin

Measures how much out of every dollar of sales a company actually keeps in earnings, a key indicator of financial health and pricing strategies.

Fixed Costs

Costs that do not change with the level of output or production in the short term, such as rent, salaries, and equipment leases.