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

question 6

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,what is the probability that a random sample of 50 will have at least 30% of customers who will make a purchase after visiting the website?

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Definitions:

Unequivocal

Clear and unambiguous, leaving no room for doubt or confusion.

Reasonable, Lawful

Actions or decisions that are made with rational justification and comply with established laws.

Legal Framework

The structure of laws, regulations, and rules that govern a particular area or activity.

Reasonably Assured Expectations

The anticipation of benefits or rights that a reasonable person would consider as likely to happen under a contractual agreement.