TABLE 9-8 One of the Biggest Issues Facing E-Retailers Is the Ability

question 42

Multiple Choice

TABLE 9-8
One of the biggest issues facing e-retailers is the ability to turn browsers into buyers. This is measured by the conversion rate, the percentage of browsers who buy something in their visit to a site. The conversion rate for a company's website was 10.1%. The website at the company was redesigned in an attempt to increase its conversion rates. A samples of 200 browsers at the redesigned site was selected. Suppose that 24 browsers made a purchase. The company officials would like to know if there is evidence of an increase in conversion rate at the 5% level of significance.
-Referring to Table 9-8, the null hypothesis will be rejected if the test statistic is

• A) greater than 1.645.
• B) less than 1.645.
• C) greater than -1.645.
• D) less than -1.645.

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Definitions:

Negotiable Instrument

An official paper that promises the disbursement of a designated sum of money, which can be demanded at any time or paid at an agreed-upon moment, identifying the payer.

Given Value

The consideration or price paid for something; often used in the context of transactions or agreements to denote the value exchanged.

Antecedent Claim

A claim or right that precedes another in time or is earlier within a legal context or agreement.

Security Interest

A legal claim or lien on collateral that has been pledged, usually to secure repayment of a debt.