Calculate the p-value using the norm.dist

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Question: In 2017, the Restaurant Hospitality website reported that only 11% of surplus food is being recovered in the food service and restaurant sector, leaving approximately 1.5 billion meals per year uneaten. Assume that this is the true population proportion and that you plan to take a sample survey of 525 companies in the food service and restaurant sector to further investigate their behavior. You suspect that restaurants are doing a far better job in recovering surplus food than what has been reported by the website. Get academic success with expert online assignment help for university students.

Suppose that based on the sample you collected restaurants report an average of 59 surplus meals per day of which an equivalent of 51 meals is thrown away. Respond to the following questions:

a. Set up the research question and hypotheses. - Let's set up Accounting related question.

b. Calculate the p-value using the "Norm.dist" Excel command.

c. What is your conclusion?

Reference no: EM133892599

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