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

question 72

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 brand.It conducts a telephone poll of 300 randomly selected households in the area and finds that 96 have a favorable view.State the test of hypothesis that is of interest to the pizza chain.

• A)H ₀ : \(\pi\) \(\le\)0.32 versus H₁ : \(\pi\) \(\gt\) 0.32
• B)H ₀ : \(\pi\)\(\le\)0.25 versus H₁ : \(\pi\) \(\gt\) 0.25
• C)H ₀ : \(\pi\) \(\le\)5,000 versus H₁ : \(\pi\) \(\gt\) 5,000
• D)H₀ : ? \(\le\) 5,000 versus H₁ : ? \(\gt\) 5,000

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Definitions:

Memory Reconstruction

The process by which memories are not simply played back but actively reconstructed based on available information, perceptions, and experiences.

Retroactive Interference

A memory phenomenon where new information makes it harder to recall information learned earlier.

Proactive Interference

The phenomenon where old memories hold back an individual from retaining new memories.

Hindsight Bias

The tendency to believe, after an event has occurred, that one would have predicted or expected the outcome, even though it was not predictable.