According to a 2011 report for IFA Educational Foundation, 20.5% of all franchised businesses in the United

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According to a 2011 report for IFA Educational Foundation, 20.5% of all franchised businesses in the United States are minority owned. (This information is based on the U.S. Census Bureau's survey of 27 million business owners.) Suppose that you obtain a sample of 100 franchised businesses located in Mississippi and find that 15 are owned by minorities. Does this result lead you to conclude that the percentage of minority-owned franchises in Mississippi is less than the national value of 20.5%? Explain.
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Statistics For Business And Economics

ISBN: 9780134506593

13th Edition

Authors: James T. McClave, P. George Benson, Terry Sincich

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