Write the Word or Phrase That Best Completes Each Statement $\mu :$

question 33

Essay

Write the word or phrase that best completes each statement or answers the question.
-A pizza house is considering offering the following special: "Pizza delivered in less than 30 minutes or the pizza is free." Based on a random sample of 40 delivery times, the manager obtains the following 99% confidence interval for the true mean delivery time, $\mu :$ : 25 minutes to 30 minutes. The manufacturer concludes that at least 99% of the pizzas are delivered in under 30 minutes and that it will be safe to go ahead with the special offer. Is the manager's interpretation correct? Why or why not? Explain your thinking.

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Definitions:

Majority of Shareholders

The group or individual shareholders who own more than half of a company's shares, granting them significant influence over company decisions.