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TABLE 7-7
Online customer service is a key element to successful online retailing. According to a marketing survey, 37.5% of online customers take advantage of the online customer service. Random samples of 200 customers are selected.
-Referring to Table 7-7, ________ % of the samples are likely to have between 35% and 40% who take advantage of online customer service.
Random Variable
A variable whose possible values are numerical outcomes of a stochastic process or a random experiment.
Independent
Refers to variables in a statistical model that are not influenced or controlled by any other variable within the model.
Standard Deviations
The statistical metric that quantifies the dispersion or spread in a dataset relative to its mean, used to understand how spread out data points are from the average value.
Ace of Spades
A playing card with a single spade symbol on it, often considered the highest card in many card games.
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