TABLE 7-4 According to a Survey,only 15% of Customers Who Visited the Visited

question 40

Essay

TABLE 7-4
According to a survey,only 15% of customers who visited the website of a major retail store made a purchase.Random sample sizes of 50 are selected.
-A study at a college in the west coast reveals that,historically,45% of the students are minority students.If a random sample size of 75 is selected,the probability is ________ that between 30% and 50% of the students in the sample will be minority students.

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Definitions:

Indirect Method

A cash flow statement preparation approach that adjusts net income for changes in non-cash accounts to calculate cash flow from operating activities.

Gain on Sale

The profit earned from the sale of an asset or investment, calculated as the difference between the sale price and the original purchase price.

Operating Activities

The day-to-day actions that are involved in running a business and generating revenue, such as production, sales, and delivery of the company’s product and services.

Direct Method

A way of reporting cash flows from operating activities by listing major classes of gross cash receipts and payments.