SCENARIO 7-4 According to a Survey,only 15% of Customers Who Visited the Visited

question 68

Short Answer

SCENARIO 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 Scenario 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:

Micro-replication Technology

A manufacturing technique that precisely replicates microscale structures and patterns for various applications, including optical and adhesive products.

Development

The stage of the new-product development process that turns the idea on paper into a prototype.

Customer Experience Management

Strategies and practices aimed at managing and improving the overall interaction between customers and a company throughout the customer lifecycle.

Employee Interactions

The various ways in which employees communicate and work together within an organization.