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.

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 said no. Determine the sample proportions of customers that would like the new item on the menu and determine the standard error of the proportion. How would this standard error influence John’s decision?

Answer the questions below in essay format. Your essay must include an introduction, a body, and a conclusion, and it must address all relevant parts of each question. Your response should be a minimum of 150 words in length and include both the appropriate statistics and support for the analysis and interpretation. Make sure to cite any source you use. Proper citation format for a source includes the name of the author(s), the title of the work, the date of the publication, and the page number if you directly quote the source.

Using the scenario above, identify the standard error of the proportion and determine the impact of the error on potential decision making by Mi Casa Front Porch Restaurant leaders.

What should the company do based on the information calculated?

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 andasks them if...