SCENARIO 4-3 A Survey Is Taken Among Customers of a Fast-Food Restaurant

question 131

Short Answer

SCENARIO 4-3
A survey is taken among customers of a fast-food restaurant to determine preference for hamburger or chicken.Of 200 respondents selected,75 were children and 125 were adults.120 preferred hamburger and 80 preferred chicken.55 of the children preferred hamburger.
-Referring to Scenario 4-3,the probability that a randomly selected individual is a child or prefers hamburger is_____ .

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Definitions:

Technological Innovation

The introduction of new technologies or methods that significantly improve products, processes, or services.

Product Development

The process of creating a new product or improving existing products to meet customer needs or market demands.

Trend Analysis

The practice of collecting information and attempting to spot a pattern, often used in financial markets, research, and project planning.

Single Business Factor

A tax calculation method where a single parameter (like sales, payroll, or property value) is used to determine a business's tax liability.