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

question 8

Short Answer

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, what is the probability that a random sample of 50 will have at least 30% of customers who will make a purchase after visiting the website?

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Definitions:

Nonvolatile Storage

A type of storage that retains data even when power is turned off, such as hard drives, flash drives, and SSDs.

Temporary Storage Space

Space in a computing device used to store data that is needed for short periods, often cleared after its purpose is served.

Primary Circuit Board

The main printed circuit board (PCB) in a computer or electronic device, which houses the CPU, memory, and other critical components.

ALU

Arithmetic Logic Unit, a critical component of a computer's CPU that performs arithmetic and logical operations.