OF 1 A national restaurant chain is composed of 6500 restaurants, each of which is located in close proximity to an inte

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Of 1 A National Restaurant Chain Is Composed Of 6500 Restaurants Each Of Which Is Located In Close Proximity To An Inte 1 (47.14 KiB) Viewed 22 times

OF 1 A national restaurant chain is composed of 6500 restaurants, each of which is located in close proximity to an interstate highway. The restaurant's business strategy is to serve its core customer base people travelling on the interstate highway system who are looking for a quality dining experience. Customers generally enjoy the restaurant chain's menu atmosphere and consistency from restaurant to restaurant The company's leadership, located at corporate headquarters is very interested in the relationship between the cost of a gallon of gasoline and the company's revenue. Specilically, the company is concemed that if gasoline prions rise in the near future, the company's revenue will decline dramatically. The company's research department recently collected data for analysis in order to support leadership's upcoming discussion of whether the company should expand and diversity to locations away from an interstate Highway Annual revenue figures from a random sample of 150 restaurants were collected. The research division also collected and calculated the average annual cont of gasoline at those 150 restaurants by randomly selecting three gasoline stations near each restaurant. Historical data was then used to calculate the average annual cost of gasolino. The Restaurant Number, Geographic Region Annual Revenus. Average Cost of Gasoline, Miles from the Interitate, Square Footage and Annual Increase in Revenue wore collected for these 150 restaurants StatCrunch Data Set 11 0 CS Corporate headquarters is very interested in trend analysis. Using the 150 randomly selected restaurants as their sample, data was collected to determine which restaurants reported an annual increase in revenue from the previous your. This information is found in the Annual Increase in Revenue column Corporate headquarters decides to run a One Proportion hypothesis tost to determine if the proportion of all restaurants that saw an annual increase in revenue is greater than 55% Assume that all necessary Central Limit Theorem conditions for a One-Proportion Z-bts have been met The noll bypothesis for this test is that the proportion of all restaurants that saw an annual increase in revenue is 55%. The alternative hypothesis for this test is that the proportion of all restaurants that saw an annual increase in revenue is greater than 55% What is the p-value for this hypothesis test? The paleh Round to three decimal places as needed)