TABLE 7-8 According to a Survey,only 15% of Customers Who Visited the Visited

question 8

Short Answer

TABLE 7-8
According to a survey,only 15% of customers who visited the website of a major retail store made a purchase.Random samples of size 50 are selected from a population of 900.Use the finite population correction factor.
-Referring to Table 7-8,the mean of all the sample proportions of 50 customers who will make a purchase after visiting the website is ________.

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Definitions:

Public Saving

The difference between tax revenues and government expenditures, typically representing the amount of surplus funds the government has.

Closed Economy

An economic system that does not engage in international trade, instead relying on its own internal markets for goods and services.

Accounting Identity

An equation that must always be true due to the way variables are defined, commonly used in economics and accounting to reflect the balance between different components.

Tax Rate

The percentage at which an individual or corporation is taxed by the government.