Recently,a Case of Food Poisoning Was Traced to a Particular

question 89

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 Construct a 95% confidence interval for the true proportion of the market who still refuse to visit any of the restaurants in the chain three months after the event.

• A)[.059 .122]
• B)[.090 .091]
• C)[.000 .196]
• D)[.240 .339]
• E)[.118 .244]

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Definitions:

Cost of Goods Sold

The straight costs associated with producing the goods that a company sells, which include labor and materials.

Days' Payable Outstanding

A financial metric that calculates the average number of days it takes a company to pay its invoices from trade creditors.

Accounts Payable

The amounts a business owes to its lenders or suppliers for transactions involving goods and services bought on credit.

Conversion Costs

The combined costs of direct labor and manufacturing overhead, required to transform raw materials into finished goods.