Exhibit 12

question 66

Essay

Exhibit 12.5
The following questions use the information below.
The owner of Sal's Italian Restaurant wants to study the growth of his business using simulation.He is interested in simulating the number of customers and the amount ordered by customers each month.He currently serves 1000 customers per month and feels this can vary uniformly between a decrease of as much as 5% and an increase of up to 9%.The bill for each customer is a normally distributed random variable with a mean of $20 and a standard deviation of $5.The average order has been increasing steadily over the years and the owner expects the mean order will increase by 2% per month.You have created the following spreadsheet to simulate the problem.
-Sal,from Exhibit 12.5,has produced the following spreadsheet to compute confidence intervals on his income.What formula should go in cell B12 to compute the upper limit on a 95% confidence interval for the population proportion below 90%?
$\begin{array}{|c|c|c|}\hline & \text { A } & \mathrm{B} \\\hline 1 & & \\\hline 2 & \text { Sample Size: } & 300 \\\hline 3 & & \\\hline 4 & \text { Sample Mean: } & 4,119,519 \\\hline 5 & \text { Sample StandardDeviation } & 291,117 \\\hline 6 & & \\\hline 7 & \text { 95\% LCL for the population mean: } & 4,086,576 \\\hline 8 & \text { 95\% UCL for the population mean: } & 4,152,462 \\\hline 9 & & \\\hline 10 & \text { Target Proportion } & 0.900 \\\hline 11 & \text { 95\% Lower Confidence Limit: } & 0.866 \\\hline 12 & \text { 95\% Upper Confidence Limit: } & 0.934 \\\hline\end{array}$

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Definitions:

Pap Smear

A screening test for cervical cancer involving the collection of cells from a woman's cervix to detect abnormalities that may indicate precancerous or cancerous conditions.

Common Site

A location or platform shared or widely used by a large number of individuals or entities for a particular purpose or activity.

Cancer

A disease characterized by the uncontrolled growth and spread of abnormal cells that can result from damage to DNA.

Labeled Structures

Specific components within a larger system (biological, chemical, architectural) that have been identified or marked for study or reference.