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

question 99

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 p-value associated with the test statistic in this problem is approximately equal to:

• A)0.0100
• B)0.0051
• C)0.0026
• D)0.0013

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Definitions:

Reimburse

To pay back or compensate someone for expenses they have incurred.

Fiscal Bank

An institution involved in governmental monetary and fiscal policies, often contributing to national economic management.

Sale of Beef

The commercial transaction or trade of beef between sellers and buyers, governed by food safety and trade regulations.

Specific Performance

Specific performance is a legal remedy demanding the performance of a contract according to its precise terms when damages are not sufficient compensation.