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

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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?


Definitions:

Cultural Levels

The different layers of culture that an individual belongs to, from personal beliefs to global cultures, each influencing one's identity and behavior.

Technical Culture

The customs, practices, and values that characterize a particular group or organization engaged in technical work.

Informal Culture

The unspoken, unofficial, and often unintended behaviors, traditions, and rituals that organically develop within an organization.

Cultural Levels

The various strata within cultures that influence social behavior and interactions, ranging from national norms to individual values and beliefs.

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