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

question 90

True/False

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, the requirements for using a normal distribution to approximate a binomial distribution is fulfilled.

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Definitions:

U.S. Fishery

Pertains to the industry or activity of raising, harvesting, processing, and selling fish, shellfish, and aquatic plants in the United States.

Dollar Terms

Refers to financial transactions quoted in terms of the U.S. dollar.

ITQs

Individual Transferable Quotas, a regulatory tool used in managing resources by allotting specific quantities that can be harvested or produced, often applied in fisheries to prevent overfishing.

Pacific Halibut

A species of flatfish highly valued as food, found in the North Pacific Ocean.