Question 17.24

17.24 Business Travel.

The Best Western Small Business Travel survey reported that 355 of 400 U.S. small business owners plan as many business trips this fall as last year.8

  1. What proportion of U.S. small business owners plan as many trips as last year?
  2. What are the odds that an owner will say that his or her company plans as many business trips as last year?
  3. What proportion of owners said that they do not plan as many trips this year?
  4. What are the odds that an owner will say that they are cutting back on business trips this year?
  5. How are your answers to parts (b) and (d) related?