Chia Burgers Began Operations by Opening 115 Restaurants in Western

question 45

Multiple Choice

Chia Burgers began operations by opening 115 restaurants in Western Canada at the end of its first year of operations. By the end of year 2, an additional 5 restaurants were opened. By the end of
Year 3, there were 130 restaurants operational. At the end of year 5, there were 138 total
Restaurants.
If, over the next five years, eating establishments are expected to grow at the annual growth rate as
They did during years 1 to 5, forecast the number of eating establishments at the end of year 10.

• A) 172
• B) 198
• C) 202
• D) 223
• E) 225

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Definitions:

Normal Distribution

A symmetric probability distribution centered around the mean, indicating that occurrences close to the mean are more common than those far away from it.

Confidence Interval

A spectrum of values calculated from statistcal samples which is expected to cover the value of a not yet known population trait.

Non-Normal Population

A population that does not follow a normal distribution, characterized by skewness, kurtosis, or other non-normal traits.

Bootstrap Procedure

A resampling method used to estimate the distribution of a statistic by repeatedly sampling with replacement from the data set.