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

question 119

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 pizza chain's conclusion from the hypothesis test using a 5% level of significance is:

• A)to open a new store.
• B)not to open a new store.
• C)to delay opening a new store until additional evidence is collected.
• D)we cannot tell what the decision should be from the information given.

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Definitions:

Core Features

The essential or most important characteristics that define a particular entity, concept, or system.

Mixed Farming

An agricultural approach that involves the raising of both crops and livestock on the same farm area.

Silent Trade

A method of trading where goods are exchanged without direct communication between the traders, often used in history to trade across cultural boundaries.