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

question 260

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 proportion of the samples will have between 20% and 30% of customers who will make a purchase after visiting the website?

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Definitions:

Total Return

The overall gain or loss on an investment over a specific period, including both capital appreciation and dividends or interest, expressed as a percentage.

Dividends

Payments made by a corporation to its shareholders, usually derived from the company's profits.

Total Return

A comprehensive measure that reflects the actual rate of return of an investment or a portfolio over a specific time period, including both capital gains and dividends.