Question

In: Statistics and Probability

In response to concerns about nutritional contents of fast foods, McDonald's has announced that it will...

In response to concerns about nutritional contents of fast foods, McDonald's has announced that it will use a new cooking oil for its french fries that will decrease substantially trans fatty acid levels and increase the amount of more beneficial polyunsaturated fat. The company claims that 97 out of 100 people cannot detect a difference in taste between the new and old oils. Assuming that this figure is correct (as a long-run proportion), what is the approximate probability that in a random sample of 1000 individuals who have purchased fries at McDonald's,

(a) At least 39 can taste the difference between the two oils? (Round your answer to four decimal places.)


(b) At most 6% can taste the difference between the two oils? (Round your answer to four decimal places.)

Solutions

Expert Solution


Related Solutions

Many consumers pay careful attention to stated nutritional contents on packaged foods when making purchases. It...
Many consumers pay careful attention to stated nutritional contents on packaged foods when making purchases. It is therefore important that the information on packages be accurate. A random sample of n = 12 frozen dinners of a certain type was selected from production during a particular period, and the calorie content of each one was determined. (This determination entails destroying the product, so a census would certainly not be desirable!) Here are the resulting data: 255 244 239 242 265...
Many consumers pay careful attention to stated nutritional contents on packaged foods when making purchases. It...
Many consumers pay careful attention to stated nutritional contents on packaged foods when making purchases. It is therefore important that the information on packages be accurate. A random sample of n = 12 frozen dinners of a certain type was selected from production during a particular period, and the calorie content of each one was determined. (This determination entails destroying the product, so a census would certainly not be desirable!) Here are the resulting observations, along with a boxplot and...
Many consumers pay careful attention to stated nutritional contents on packaged foods when making purchases, so...
Many consumers pay careful attention to stated nutritional contents on packaged foods when making purchases, so it is important that the information on packages be accurate. The distribution of calorie content has been shown to be approximately normally distributed. A random sample of 12 frozen dinners of a certain type was selected and the calorie content of each one was determined to be 255, 244, 239, 242, 265, 245, 259, 248, 225, 226, 251, and 232. (a) Determine the sample...
Fast Food in Hospitals Identify the benefits and concerns about permitting a fast food franchise to...
Fast Food in Hospitals Identify the benefits and concerns about permitting a fast food franchise to set up an outlet in your facility. How would you address the controversies connected with the “bad health” image of this sector of the foodservice industry? Nutritional information should be included in this discussion. Virtually all fast food companies include nutritional data on their websites.
.Give five examples of consumer concerns about foods and how those concerns relate to metabolism. You...
.Give five examples of consumer concerns about foods and how those concerns relate to metabolism. You must identify why each is a concern, whether the concern is rational or irrational and why each concern is rational or irrational. (10 points).
genetically modified foods or GMOs raise concerns about long term health and environmental consequences. Even though...
genetically modified foods or GMOs raise concerns about long term health and environmental consequences. Even though scientists note that these foods are generally safe and potentially beneficial, many consumers are not comfortable with consuming them. what is your position on GMOs? what are the potential risks and benefits associated with GMOs ? Are they a necessary part of our food supply?
In response to COVID-19, the Bank of Canada has announced several stimulus programs, that include the:...
In response to COVID-19, the Bank of Canada has announced several stimulus programs, that include the: 1. Provincial Bond Purchase Program 2. Money Market Purchase Program How do you think that these programs will impact bond/money markets? What is the likely impact of these programs on government's borrowing requirements, given large forecasted budget deficits.
Aluminum maker Alcoa has a beta of about 1.93​, whereas Hormel Foods has a beta of...
Aluminum maker Alcoa has a beta of about 1.93​, whereas Hormel Foods has a beta of 0.42. If the expected excess return of the market portfolio is 7​%, which of these firms has a higher equity cost of​ capital, and how much higher is​ it? alcoas equity cost of capital is ?
Aluminum maker Alcoa has a beta of about 1.97​, whereas Hormel Foods has a beta of...
Aluminum maker Alcoa has a beta of about 1.97​, whereas Hormel Foods has a beta of 0.38 If the expected excess return of the market portfolio is 4​%, which of these firms has a higher equity cost of​ capital, and how much higher is​ it?
Discuss two nutritional recommendations or messages about nutrition that now seem outdated or comical. How has...
Discuss two nutritional recommendations or messages about nutrition that now seem outdated or comical. How has our understanding about them changed?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT