A Random Group of Customers at a Fast Food Chain $50 \%$

question 16

Multiple Choice

A random group of customers at a fast food chain were asked whether they preferred hamburgers, chicken sandwiches, or fish sandwiches. The restaurant's marketing department claims that $50 \%$ of customers prefer hamburgers, $32 \%$ of the customers prefer chicken sandwiches, and $18 \%$ of the customers prefer fish sandwiches. Is there evidence to reject this hypothesis at $\alpha = 0.05$ ?
$\begin{array} { l c c c } \text { Plans } & \text { Hamburgers } & \text { Chicken } & \text { Fish } \\ \text { Number of students } & 40 & 20 & 6 \end{array}$

• A) There is not evidence to reject the claim that the customers' preferences are distributed as claimed because the test value 4.455 < 7.815
• B) There is evidence to reject the claim that the customers' preferences are distributed as claimed because the test value 7.815 > 4.455
• C) There is not evidence to reject the claim that the customers' preferences are distributed as claimed because the test value 4.455 < 5.991
• D) There is evidence to reject the claim that the customers' preferences are distributed as claimed because the test value 5.991 > 4.455

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Definitions:

LIFO

An accounting method for valuing inventory that assumes the last items produced or purchased are the first ones sold.

Ending Inventory

The total value of goods available for sale at the end of an accounting period, calculated as the beginning inventory plus purchases minus cost of goods sold.

Overstated

A term used to describe financial statements that report a value or condition as being higher than it actually is.

Understated

Refers to figures or amounts that have been reported lower than they actually are, often affecting financial statements and analysis.