Local Restaurant
a Local Restaurant Claimed in an Advertisement That $\alpha$

question 16

Short Answer

Local Restaurant
A local restaurant claimed in an advertisement that at least 80% of their customers rate their establishment as "Excellent".An independent survey company asked 200 customers their opinion and from this random sample,168 customers rated the establishment "Excellent".Use $\alpha$ = 0.05.
-State the decision rule in terms of the critical value.

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Definitions:

Incremental Cash Flow

The additional cash flow from taking on a new project, calculated as the difference between the project's cash flows if the project is taken versus if it is not.

Incremental Cash Flow

The additional cash flow a company receives from undertaking a new project, considering the revenue and costs involved.

Capital Budgeting

The process used by companies to evaluate major investments or expenditures on capital assets, involving the assessment of investment's expected cash flows and profitability.

Net Income

The total earnings of a company after all expenses and taxes have been deducted from revenue.