A Local Pizza Company Is Interested in Estimating the Percentage

question 88

True/False

A local pizza company is interested in estimating the percentage of customers who would take advantage of a coupon offer. To do this, they give the coupon out to a random sample of 100 customers. Of these, 45 actually use the coupon. Based on a 95 percent confidence level, the upper and lower confidence interval limits are approximately 0.3525 to 0.5475.

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Definitions:

Public Transportation

A system of vehicles such as buses and trains that operate at regular times on fixed routes and are available for use by the general public.

Core Manufacturing Firms

Companies that are central to the manufacturing sector, producing essential goods required by various industries.

Basic Services

Essential services required to meet basic human needs, including water, sanitation, electricity, healthcare, and education.

Few Competitors

A market situation characterized by a limited number of businesses or entities providing similar products or services, often leading to less competition.