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:

Sources of Cultural Change

Factors or agents that contribute to the modification of cultural norms, values, and practices.

Example

A representative instance used to illustrate a rule or case, serving as a model for understanding concepts or behaviors.

Mores

Strongly held norms or customs within a society that dictate the moral behavior and beliefs of its members, often considered fundamental to social cohesion.

Norms

The specific cultural expectations for how to act in a given situation.