The red lobster restaurant chain regularly surveys its customers.
The Red Lobster restaurant chain regularly surveys its customers. On the basis of these surveys, the management of the chain claims that 75% of its customers rate the food as excellent. A consumer testing service wants to examine the claim by asking 460 customers to rate the food. What is the probability that less than 70% of customers rate the food as being excellent? Develop a 99 percent confidence interval over the value of the population proportion of customers who view the food as being excellent. Can the claim be justified based on this evidence at the 1 percent significance level?