SCENARIO 7-8 A Consulting Firm That Surveyed Consumers' Holiday Shopping Behavior Found

question 60

True/False

SCENARIO 7-8
A consulting firm that surveyed consumers' holiday shopping behavior found that the percentage of
consumers from the U.S., Canada, and China who said that they planned to spend more on holiday
shopping were 40%, 34% and 73%, respectively. Treat these results as representations of the
populations. Random samples of size 150 are selected from each of the three countries.
-Referring to Scenario 7-8, the requirements for using a normal distribution to
approximate a binomial distribution is fulfilled for the random samples of U.S. consumers.

---

Definitions:

Hexadecimal

A base-16 numeral system that uses sixteen distinct symbols, typically 0-9 and A-F, for representing values.

Base-12 System

A numeral system that uses twelve as its base, employing twelve distinct symbols for its digits.

Desktop Publishing Software

Applications designed for creating visual and textual documents, capable of arranging text and images for both print and online media.

Annual Reports

Periodic publications by companies detailing their financial performance, activities, and strategy over the past year.