A fast-food restaurant chain with 700 outdlets in the United States describes the geographic location of...
Let's eat: A fast-food restaurant chain has 618 outlets in the United States. The following table categorizes them by city population size and location, and presents the number of restaurants in each category. A restaurant is to be chosen at random from the 618 to test market a new menu. Round your answers to four decimal places. Region Population of City NE SE SW NW Under 50,000 35 39 13 8 50,000 - 500,000 62 95 71 28 Over 500,000...
Let's eat: A fast-food restaurant chain has 618 outlets in the United States. The following table categorizes them by city population size and location, and presents the number of restaurants in each category. A restaurant is to be chosen at random from the 618 to test market a new menu. Round your answers to four decimal places. Region Population of City NE SE SW NW Under 50,000 35 39 13 8 50.000 - 500,000 62 95 71 28 Over 500,000...
Let's eat: A fast-food restaurant chain has 584 outlets in the United States. The following table categorizes them by city population size and location, and presents the number of restaurants in each category. A restaurant is to be chosen at random from the 584 to test market a new menu. Round your answers to four decimal places. Population of City Region NE SE SW NW 25 32 11 7 Under 50,000 50,000 - 500,000 56 91 69 28 Over 500,000...
Question 7 (1 point) A fast-food restaurant chain has outlets in the United States. The following table categorizes them by city population size and location, and presents the number of restaurants in each category. A restaurant is to be chosen at random to test market a new menu. 17 Population Northeast Southeast Southwest Northwest Under 50,000 32 35 21 50,000- 608170 38 500,000 Over 500,000 148 30 44 25 Given that the restaurant is in the Northwest, what is the...
need help with these questions. thanks
We were unable to transcribe this image(d) Given that the restaurant is located in a city with a population of 500,000 or less, what is the probability that it is in the Southwest? (e) Given that the restaurant is located in the South (either SE or Sw), what is the probability that it is in a city with a population of 50,000 or more? Part 1 of 5 Given that the restaurant is located...
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1. A fast-food restaurant chain is interested in modeling the mean weekly sales (measured in thousands of $) of a restaurant as a function of the weekly traffic flow on the street (measured in thousands of cars) where the restaurant is located and the city in which the restaurant is located. The table below contains the data on 24 restaurants in 4 cities. The independent variables are defined as follows: X, = traffic flow X2 =...
A fast food chain plans to expand by opening several new restaurants. The chain operates three types of restaurants, drive-through, truck-stop, and full-service. A drive-through restaurant costs $100,000 to construct and funish, requires 5 employees, and has an expected annual revenue of $200,000. A truck-stop restaurant costs $20,000 to funish (no construction costs), requires 3 employees, and has an expected annual revenue of $120,000. A full-service restaurant costs $150,000 to construct and funish, requires 18 employees, and has an expected...
Marketing Research Interpretation Scenario Wendy's is a restaurant chain that is immersed in the Fast Food Restaurant Industry where we can find companies that compete in different segments, being Burger, Sandwich, Snacks/Beverages, Chicken and Pizza the most important. Each restaurant is in competition with other food service operations within some geographical area. These quick service restaurants are highly competitive and include well established competitors. Quality, variety, convenience, price and value perception of food products offered, locations, quality and speed of...
A contest at a fast-food restaurant offered cash prizes and the probabilities of winning on one visit are shown to the right. Suppose you spend $1 to buy a bus pass that lets you go to 26 different restaurants in the chain and pick up entry forms. Find your expected value.Prize Probability$100,000 1/7,804,800$25,000 1/1,560,960$5,000 1/780,480$1,000 1/97,560$100 1/19,512$5 1/4,878$1 1/542
The Zagat Restaurant Survey provides food, decor, and service ratings for some of the top restaurants across the United States. For 27 restaurants located in a certain city, the average price of a dinner, including one drink and tip, was $48.60. You are leaving on a business trip to this city and will eat dinner at three of these restaurants. Your company will reimburse you for a maximum of $50 per dinner. Business associates familiar with these restaurants have told...