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TABLE 9-8
One of the biggest issues facing e-retailers is the ability to turn browsers into buyers. This is measured by the conversion rate, the percentage of browsers who buy something in their visit to a site. The conversion rate for a company's website was 10.1%. The website at the company was redesigned in an attempt to increase its conversion rates. A samples of 200 browsers at the redesigned site was selected. Suppose that 24 browsers made a purchase. The company officials would like to know if there is evidence of an increase in conversion rate at the 5% level of significance.
-Referring to Table 9-8, the lowest level of significance at which the null hypothesis can be rejected is ________.
Business Investors
Individuals or entities that allocate capital with the expectation of receiving financial returns, typically into companies or projects.
Debt Financing
The method of raising capital through the sale of bonds, bills, or notes to individuals or institutional investors which must be repaid at a later date.
Equity Financing
The process of raising capital through the sale of shares in a company.
Term
The time until a debt security’s principal is due to be repaid. Also called the debt’s maturity or time until maturity.
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