Recently,a Case of Food Poisoning Was Traced to a Particular $\rho$

question 99

Multiple Choice

Recently,a case of food poisoning was traced to a particular restaurant chain.The source was identified and corrective actions were taken to make sure that the food poisoning would not reoccur.Despite the response from the restaurant chain,many consumers refused to visit the restaurant for some time after the event.A survey was conducted three months after the food poisoning occurred with a sample of 319 patrons contacted.Of the 319 contacted,29 indicated that they would not go back to the restaurant because of the potential for food poisoning.What sample size would be needed in order to be 99% confident that the sample proportion is within .02 of $\rho$ ,the true proportion of customers who refuse to go back to the restaurant?

• A)14
• B)38
• C)129
• D)1,371
• E)1,777

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Definitions:

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations with its short-term assets.

Liquidity

The ability of an asset to be quickly converted into cash without significant loss in value.

Times Interest Earned Ratio

A financial metric that measures a company's ability to meet its debt obligations by comparing its income before interest and taxes to its interest expenses.

Income Statement

A financial document that provides a summary of a company's revenues, expenses, and profits over a specific period, detailing its ability to generate earnings.