In a study of the accuracy of fast food drive thru orders Burger King had 264 accurate orders and 54 that were not accurate. Construct a 99% confidence interval estimate of the percentage of orders that are not accurate. Please explain the process.
We have given,
In a study of the accuracy of fast food drive thru orders Burger King had 264 accurate orders and 54 that were not accurate.
Therefore, total = 264 + 54 = 318
We can use here confidence interval formula
Where, Z is 2.58 for 99% confidence interval.
NORMSINV(1-(0.01/2))................................Z critical value by using Excel command.
Therefore,
=>(0.1155, 0.2241)
Therefore, we are 99% confident that true proportion/percentage of orders that are not accurate is between 11.55% to 22.41%
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