The Manager of a Fast-Food Restaurant Determines That the Average $5 \%$

question 14

Short Answer

The manager of a fast-food restaurant determines that the average time that her customers wait for service is 2 minutes. The manager wants to advertise that anybody who isn't served within a certain number of minutes gets a free hamburger. But she doesn't want to give away free hamburgers to more than $5 \%$ of her customers. What value of $x$ must she use in the advertisement "if you aren't served within $x$ minutes, you get a free hamburger"?

Identify factors contributing to gender differences in mental health and behavior.

Understand the differences and similarities in how men and women experience and perceive friendships.

Comprehend gender differences in communication styles and preferences.

Grasp the concept of gender development and the factors influencing independence across genders.

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Definitions:

Real Variables

Economic variables measured in terms of physical quantities or adjusted for changes in prices over time, excluding inflation or deflation effects.

Nominal Variables

Variables measured in monetary terms without adjusting for changes in price levels or inflation.

Inflation Theory

is the set of various theories explaining the cause and effects of increasing prices or inflation in an economy.

Price Level

Reflects the average of current prices across the entire spectrum of goods and services produced in the economy, serving as a measure of inflation.