In a Restaurant,the Proportion of People Who Order Coffee with Their

question 14

Essay

In a restaurant,the proportion of people who order coffee with their dinner is .9.A simple random sample of 144 patrons of the restaurant is taken.
a.What are the expected value,standard deviation,and shape of the sampling distribution of?
b.What is the probability that the proportion of people who will order coffee with their meal is between 0.85 and 0.875?
c.What is the probability that the proportion of people who will order coffee with their meal is at least 0.945?

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Definitions:

Interest Rate

The percentage at which interest is paid by a borrower for the use of money that they borrow from a lender.

Dollar Depreciation

A decrease in the value of the dollar relative to other currencies, making imports more expensive and exports cheaper.

Real GDP

The measure of a country's economic output adjusted for price changes, reflecting the true value of goods and services produced.

Money Supply

The combined amount of money available in an economy at a given period.