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

question 19

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,the standard deviation of all the sample proportions of customers who will make a purchase after visiting the web site is .

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Definitions:

Buyers' Reviews

Feedback or opinions posted by customers regarding their purchasing experiences and the products or services they have bought.

Procurement Software

Tools or platforms used by organizations to automate the process of purchasing goods and services, managing suppliers, and streamlining procurement tasks.

Analytics Dashboard

A data management tool that visually tracks, analyzes, and displays key performance indicators, metrics, and data points.

E-commerce

The exchange of products and services, or the transfer of money or information, via an electronic network, mainly through the internet.