A Recent Study Reported That 28% of Shoppers Only Review

question 40

Multiple Choice

A recent study reported that 28% of shoppers only review one page when searching online for product information. A random sample of 100 shoppers was randomly selected. What is the probability that between 20 and 30 of these shoppers only review one page when searching online?

• A)0.5418
• B)0.3266
• C)0.6361
• D)0.4692

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Definitions:

Operating Budgets

Financial plans that outline the projected revenue, expenses, and profit for the operations of a business within a specific period.

Sales Revenue

The income received from selling goods or services over a period of time.

Budgeted Sales Revenue

Projected income from sales over a certain period, used for planning and forecasting operations.

Sales Increase

A rise in the volume or value of products or services a business has sold within a specific period.