TABLE 7-4 According to a Survey, Only 15% of Customers Who Visited

question 144

Short Answer

TABLE 7-4
According to a survey, only 15% of customers who visited the web site of a major retail store made a purchase. Random samples of size 50 are selected.
-Referring to Table 7-4, 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 web site?

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Definitions:

Illegitimate Means

Methods or actions that are not sanctioned or approved by societal norms and laws for achieving goals.

Psychological Pressures

Mental stress or strain imposed by external situations, expectations, or demands, potentially impacting behavior or well-being.

Anomie-Strain Theory

A sociological theory that suggests deviance and societal strain result when individuals are unable to achieve societal expectations through legitimate means.

Socially Induced Strain

Stress or pressure that arises from societal expectations or structures, which can lead to deviant behavior or psychological distress.