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

question 17

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 7-8,90% of the samples will have more than what percentage of customers who will make a purchase after visiting the website?

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Definitions:

Punitive Damages

Financial compensation awarded to the plaintiff in a lawsuit, over and above the actual damages, intended to punish the defendant for egregious conduct.

Tort Action

A lawsuit initiated due to a civil wrong that causes a claimant to suffer loss or harm, leading to legal liability for the person who commits the tortious act.

Remedies

Legal means or actions through which a right is enforced or the violation of a right is compensated or prevented.

Vicarious Liability

A legal principle whereby an individual or entity is held responsible for the actions or omissions of another person, typically an employee, in the course of their employment.