A Wine Magazine Wants to Know If Chefs Can Tell

question 5

Multiple Choice

A wine magazine wants to know if chefs can tell the difference between duck liver pâté and wet dog food.Eighteen chefs were asked to rate both the pâté and dog food on a scale from 1 to 5,with 1 corresponding to "inedible" and 5 to "very tasty." The results are shown in the following table. The estimate of the population proportion of plus signs is _______.

• A) 0.944
• B) 0.50
• C) 0.056
• D) None of these choices is correct.None of the above

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Definitions:

Management Accountants

Professionals specializing in accounting who analyze financial information to advise business strategy and financial management.

Generally Accepted Accounting Principles (GAAP)

A set of rules and standards for financial reporting commonly used in the United States.

Globalization on Business

The impact of increasing global interconnectivity on business operations, including expanded markets, diversified supply chains, and increased competition.

Just-In-Time (JIT)

A supply chain management strategy that aims to reduce inventory costs by receiving goods only as they are needed in the production process.