A Local Pizza Company Is Interested in Estimating the Percentage

question 168

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. At the 95 percent confidence level it would be appropriate for the manager to conclude that possibly as many as 50 percent of his customers will redeem the coupon.

---

Definitions:

Flaneur

An observer of modern urban life; a figure who wanders the streets and public places, absorbing and reflecting on the city's characteristics.

Social Phenomena

Events, behaviors, or situations that occur or exist within society and are influenced by its collective individuals and cultures.

Historical Epoch

A specific period of time noted for its events, developments, or unique characteristics, within the context of history.

Rationally Addressed

Approached or dealt with through logical and well-thought-out reasoning.