John, one of the owners of Mi Casa Front Porch Restaurant has been working with the Chef,
Maria to potentially add a new item to the menu. He sampled 50 of his regular customers and
asks them if they would like the new item on the menu, 37 said yes and 13
John and Mario of Mi Casa Front Porch Restaurant wanted to identify if there was a difference
in sales between their newest locations, North Scottsdale and Glendale since they spend most
of their time at the original location. Based upon a 6 year review o
John and Mario, owners for the Mi Casa Front Porch restaurant logged a total of 60,000
customers between their three restaurants in the previous calendar year. Of the total customers
served, 38% were from the downtown location, 32% was from the North Scot
Since food trucks have been gaining popularity, Mi Casa Front Porch is testing a seasonal food
truck for special events around the Phoenix Metropolitan area. The data gathered by the
research team identified that the average menu item from food trucks was
Question 2
With continuous uniform probability distribution, the probability of any interval in the distribution is equal to th
Answer
True
Correct!
Comments
Max Score: 4
Actual Score: 4
Question 3
An event represents all of the possible outcomes of an ex
Introduction
GBS221
Business Statistics
Final Exam Part 1
Your exam is comprised of two parts. The first part has40 multiple-choice questions worth 4 points each. The second
part has 10 questions worth 4 points. There are 200 total points for this exam. Y
1. John, one of the owners of Mi Casa Front Porch Restaurant and Maria, the Chef were
interested in customer preferences as they looked to expand the menu. There are four
different types of meat, beef, chicken, pork and seafood and three different
present
Mario of Mi Casa Front Porch Restaurant had a student intern assist with some data analysis to
help him better understand customer satisfaction in his business. The restaurant has three
locations, downtown Phoenix, North Scottsdale and Glendale. Based upo
Continuous data is often the result of measuring observations rather than counting them
Answer
True
Correct!
Comments
Max Score: 4
Actual Score: 4
RIO SALADO MID TERM
Question 2
Enter the password you were given as feedback on the Midterm Policies and Pro
Question 31
The mean of a discrete probability distribution is the weighted average of the outcomes of the random variables that comprise it
Answer
True
Correct!
Comments
Max Score: 4
Actual Score: 4
Question 32
Because outliers are extreme values that co
Question 16
With continuous uniform probability distribution, the probability of any interval in the
distribution is equal to the probability of any other interval with the same width
Answer
True
Correct!
Comments
Max Score: 4
Actual Score: 4
Question 17
Question 30
A professor would like to test the hypothesis that the average number of minutes that a student needs to complete a statistics
exam has a standard deviation that is less than 5.0 minutes. A random sample of 15 students was selected, and the sa
Question 25
Consider the following events: Event A = The survey respondent is less than 40 years old. Event B = The survey respondent
is 40 years or older. Events A and B are mutually exclusive and collectively exhaustive
Answer
True
Correct!
Comments
Max
Question 11
Sony would like to test the hypothesis that the average age of a PlayStation user differs from the average age of an Xbox user. A
random sample of 32 PlayStation users had an average age of 33.7 years while a random sample of 36 Xbox users had
Question 19
The test statistics for one-way ANOVA follow the
Answer
F-distribution.
Comments
Correct!
Max Score: 4
Actual Score: 4
Question 20
The sum of squares _ measures the variation between each sample mean and the grand mean of the data.
Answer
betw
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Final exam
Max Score: 0
Actual Score: 0
Question 2
Enter the password you were given as feedback on the Final Policies and Procedures Assignment.
Answer
AHFGBS221V7
Comments
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Use the button below to be forwarded to your exam.
Max Score:
Which forms of business organization are considered to be separate accounting entities?
Only corporations
Sole proprietorships and partnerships only
Partnerships and corporations only
Sole proprietorships, corporations, and partnerships
The segment of a c
Discrete Random Variables: have outcomes that typically take on whole numbers as a result of
conducting an experiment; finite number.
Continuous random variables: have outcomes that take on any numerical values as a result of
conducting an experiment; inf
Lesson 2. Descriptive Data
Displaying Quantitative Data
Frequency Distribution: it is a table that shows the number of data observation that falls into
specific intervals
Class: each row in frequency distribution; a category in a frequency distribution.
D
Business owner often times have to do extensive research in order to adequately
determine how their business is running. Keeping track of what customers come and never
return, which ones come back frequently, and which ones only occasionally come is one w
For any large event any business participating must carefully plan out every minute detail
beforehand, for an event that only comes to that location once every 10 years (give or take) much more
attention to detail is required.
Bayes Theorem is a mathemati
Lifes about changing, nothing ever stays the same (Taylor-Good, 1993) although this quote is
referring to life and is actually rather profound- the same applies to business especially that of a
restaurant. In order to stay relevant and successful their me
It is on every building with public access anywhere- maximum capacity per fire Marshall.
Although most dont even pay attention or give this number a second thought, it is a major focus for any
business owner. Mario is running into this focus, he wants cus
1. The owners of Mi Casa Front Porch restaurant want to increase customer loyalty and
increase repeat business. To better understand the composition of their clients, the
owners need a review of the sample data obtained to determine why there were such
a
John is an owner in the Mi Casa Front Porch Restaurant and Maria is a chef for the restaurant.
We are tasked with proving how sample proportions can benefit the Mi Casa restaurant when it comes
to adding new things to the menu. Currently the restaurant ha
In this situation we join the marketing team for the Mi Casa restaurant as they are looking to
promote the restaurant with some general statistics of the average bills for a party of 2. They have given
us a recording of 50 meals for a party of 2, 25 of th
Mean Average (number 1, 2, 3 n)
Sample Standard Variance VAR. S (number 1, 2, 3 n)
Population Standard Deviation STDEV.P (number 1, 2, 3 n)
CV=100% * (STDEV/Mean)
Binominal Distribution BINOMDST(x, n, p, cumulative) Where:
o x= Number of success, n= Numb
Nominal Data / Categorical Data:
Strictly with qualitative data assigned to predetermined categories. Example: gender,
marital status, yes/no response, zip code and telephone number
Does not allow us to perform any mathematical operation
Cannot rank the o
Explain the components of probability.
Probability: a numerical value ranging from 0 to 1. It indicates the chance, or likehood, of a
specific event occurring.
1. Experiment: The process of measuring or observing an activity for the purpose of
collecting
Mi Casa front porch is exploring the food truck market and trying to see if would be worth their
while to have one. In this case, Mi Casa has gathered data from 20 days that the food truck was
operating, and to be profitable the food truck will need to ea
1. John and Mario, owners of Mi Casa Front Porch Restaurant are planning a big
Super Bowl event for their Glendale Westgate restaurant location and have
received a permit for additional outside seating. They are debating on
whether to invest in a tent for
Essay
1. The owners of Mi Casa Front Porch restaurant want to increase customer
loyalty and increase repeat business. To better understand the composition
of their clients, the owners need a review of the sample data obtained to
determine why there were s
Q.Basedonthescenarioanddataabove,explainandanalyzetherelativefrequency
fortypesofclientsandreasonsforreturning.
Type of
Client
Work in
Local
Business
Attending
Sporting
Event
Live in
Area
Attending
Conventio
n
Vacationin
g in Area
#
Relative
Frequency
Rea