In 2017, the Restaurant Hospitality website reported that only 10% of surplus food is being recovered in
Question:
In 2017, the Restaurant Hospitality website reported that only 10% of surplus food is being recovered in the food-service and restaurant sector, leaving approximately 1.5 billion meals per year uneaten. Assume this is the true population proportion and that you plan to take a sample survey of 525 companies in the in the food-service and restaurant sector to further investigate their behavior.
a. Show the sampling distribution of p, the proportion of food recovered by your sample respondents.
b. What is the probability that your survey will provide a sample proportion within ±.03 of the population proportion?
c. What is the probability that your survey will provide a sample proportion within ±.015 of the population proportion?
DistributionThe word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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a np 52510 525 and n ...View the full answer
Statistics For Business & Economics
ISBN: 9781337901062
14th Edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
