One of the Leading Dot-Com Companies Has Found That the Proportion

question 129

Multiple Choice

One of the leading dot-com companies has found that the proportion of customers who come into its Web site that actually makes a purchase is 0.045. The company plans to see whether this rate still holds by selecting a random sample of 200 hits on its Web site. Given that the 0.045 rate still applies, what is the standard deviation of the sampling distribution?

• A) Approximately 0.0147
• B) About 0.0002
• C) About 0.0354
• D) Can't be determined without knowing the mean.

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Definitions:

Inventory Turnover

A measure of how quickly inventory is sold and replaced over a specific period, indicating the efficiency of inventory management.

Items Per Transaction

This measures the average number of products purchased in a single sales transaction.

Number of Returns

The count of items returned to a seller or instances of returns filed, such as tax returns, within a specific period.

Store Visit

The act of going to a physical retail location to examine or purchase products or services.