How many of new franchisees have to be included in sample

Assignment Help Basic Statistics
Reference no: EM131405299

There were 904 new Subway Restaurants franchises opened during 2002. Suppose that Subway wished to survey a simple random sample of the new franchisees to find out what percentage of them were totally pleased with their relationship with the company.

If Subway wanted to have 90% confidence in being within 3 percentage points of the population percentage who are pleased, how many of the new franchisees would have to be included in the sample?

Reference no: EM131405299

Questions Cloud

Is the stock of the company overvalued or undervalued : FINC440- Prepare an analysis of Enterprise Value (and the EV/EBITDA ratio). Report the results of both analyses and explain what they mean? Based on all of the indicators, is the stock of the company overvalued or undervalued?
Face of economic liberalism : How did a series of historical events changed the face of economic liberalism throughout the late 19th century to the 20th century?
Why long-term us government budget cuts and corporate : Explain why long-term U.S. Government budget cuts and corporate (or business) layoffs influence "levels of consumption" in society. Is this important for the macro-economy? Explain why.
Determining the expansionary monetary policy : Given that money today is "cheap", explain why U.S. Government spending types of "expansionary monetary policy" would help the U.S. macro-economy.
How many of new franchisees have to be included in sample : If Subway wanted to have 90% confidence in being within 3 percentage points of the population percentage who are pleased, how many of the new franchisees would have to be included in the sample?
When should a firm purchase its it services from the cloud : The Case Assignment for this module involves thinking systematically about the IT services movement in general and about cloud computing as a particular instance of that approach. You'll start by reading a number of sources discussing both of thes..
What does your assessment imply for future business health : What does your assessment imply for future business health and performance? For example, what is the business's current market value? What is its price-to-earnings ratio?
Calculate price elasticity of demand : How do we define and measure elasticity, how do we calculate price elasticity of demand?
How many of the new franchisees would have to be included : If Subway wanted to have 90% confidence in being within 3 percentage points of the population percentage who are pleased, how many of the new franchisees would have to be included in the sample?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Distribution of speed at one location on a highway

Suppose the distribution of speed at one location on a highway is bell shaped with a mean of 73 mph and a standard deviation of 4 mph. About 95% of vehicles at that location travel between

  Population of all sample means is normally distributed

A sample size of 900 is not large enough to conclude that the sampling distribution of p is a normal distribution, when the estimate of the population proportion is 0.995 and the standard deviation of all possible sample proportions increases as th..

  For samples of size 1010 find the probability of observing

suppose that in reality 19.12 of u.s. employees play hooky. a poll was taken of 1010 u.s. employees. the employees

  Construct a cross-tabulation describing the cities

Construct a cross-tabulation describing the cities, using grade on financial management and grade on information technology as the categorization variables.

  Furthermore an analysis of heart attack victims reveals

how does the level of affluence affect health care? to address one dimension of the problem a group of heart attack

  Assumptions of a paired t-test

Suppose this data met all assumptions of a paired t-test. Why would you still be unable to test if there is a significant mean difference?

  Graphical-computer-based methods-solving lp problems differ

How do the graphical and computer-based methods of solving LP problems differ? In what ways are they the same? Under what circumstances would you prefer to use the graphical approach?

  Given the following demand schedule for newspapers find the

given the following demand schedule for newspapers find the optimal order size if papers cost the newsboy .50 and he

  The middle 68 of the data falls between what two values

in the united states the average weight of an adult male is 172 pounds with a standard deviation of 29 pounds. assuming

  If the ph level of the reservoir is ok the results at each

a water treatment plant needs to maintain the ph of the water in the reservoir at a certain level. to monitor this they

  What percentage of interviews will be successfully completed

One of the greatest problems in marketing research and other survey fields is the problem of nonresponse to surveys.- Given this information, what percentage of the interviews will be successfully completed?

  Find the mode of the number of particles to hit the counter

radioactive substances emit -particles. the number of such particles reaching a counter over a given time period

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd