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TABLE 7-5 According to a Survey, Only 15% of Customers Who Visited

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TABLE 7-5
According to a survey, only 15% of customers who visited the website of a major retail store made a purchase. Random samples of size 50 are selected.
-Referring to Table 7-5, 90% of the samples will have more than what percentage of customers who will make a purchase after visiting the website?


Definitions:

Total Revenue

the overall income generated by a business from its operations, before any expenses are deducted.

Total Cost

The complete cost of producing or acquiring a product or service, including all direct and indirect expenses.

Meat Lover's

typically refers to dishes or food products that are designed with a variety of meats, catering to those who prefer a meat-heavy diet.

Value

Refers to the importance or usefulness of something or its worth in terms of money, materials, services, or social significance.

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