TABLE 7-2 According to a Survey, Only 15% of Customers Who Visited

question 306

Short Answer

TABLE 7-2
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 from a population of 900. Use the finite population correction factor.
-Referring to Table 7-2, 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:

Socioemotional Support

Assistance that provides emotional comfort and builds trust, often crucial in maintaining strong, supportive relationships and community ties.

Task Structure

The clarity, complexity, and nature of the jobs or tasks assigned in a work environment, influencing how they can be performed and managed.

Task-oriented Leadership

A leadership style focused on the efficient completion of tasks and achieving set goals through organizing work and defining roles.

Production-centered Behavior

A management focus that prioritizes efficient production and output over other considerations, such as employee wellbeing.