Problem
Because of globalization and competition is fierce. Therefore, you must make the right decision to maximize your investment (profits) to stay competitive. You decided to invest in a Subway restaurant, but you are not sure where you would want to locate your restaurant:
• Within a busy Wal-Mart store
• Within a busy Mall
• As a freestanding location on a busy road
How would you be able to use sampling and estimation to help you make your decision? Remember, your decision should be based on achieving the best ROI (Return on Investment).