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SCENARIO 9-8
One of the Biggest Issues Facing E-Retailers Is β\beta

question 139

True/False

SCENARIO 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 sample 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 Scenario 9-8,the value of the probability of committing a Type II error β\beta is 0.95.

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Definitions:

Reinforcement

In behavioral psychology, a process in which a behavior is strengthened or increased in frequency by a consequence that follows it.

Superstitious Behaviour

Actions that are repeated because they are associated with success or avoidance of failure, despite having no causal relationship to the outcomes.

Aversive Reactions

Aversive Reactions are negative responses, either physical or psychological, to a stimulus that an individual finds unpleasant or noxious.

Primary Reinforcer

An innately satisfying stimulus, such as food or warmth, that does not require any learning to become desirable.

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