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:

Early Educators

Professionals specializing in the educational and developmental needs of young children, from infancy through the early elementary years.

Gender Specific Roles

Social and cultural expectations that dictate certain behaviors and responsibilities based on one's gender.

Gender Roles

The societal expectations and norms prescribing the behaviors, activities, and attributes considered appropriate for men and women.

Gender Equity

The fair treatment of people of all genders, ensuring equal rights, responsibilities, and opportunities regardless of gender.