TABLE 9-8 One of the Biggest Issues Facing E-Retailers Is the Ability

question 28

Multiple Choice

TABLE 9-8
One of the biggest issues facing e-retailers is the ability to turn browsers into buyers. This is measured by the conversion rate, the percentage of browsers who buy something in their visit to a site. The conversion rate for a company's website was 10.1%. The website at the company was redesigned in an attempt to increase its conversion rates. A samples of 200 browsers at the redesigned site was selected. Suppose that 24 browsers made a purchase. The company officials would like to know if there is evidence of an increase in conversion rate at the 5% level of significance.
-Referring to Table 9-8, the parameter the company officials is interested in is

• A) the mean number of browsers who buy something in their visit to the company's website.
• B) the total number of browsers who buy something in their visit to the company's website.
• C) the mean number of company officials who buy something in their visit to the company's website.
• D) the proportion of browsers who buy something in their visit to the company's website.

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Definitions:

Good Faith

An honest intention to act without taking an unfair advantage over another party, often related to contractual dealings.

Honest Belief

Refers to a genuine conviction or acceptance of a fact without intention to deceive, often considered in legal contexts to determine the sincerity of a person’s actions or statements.

Liability Provision

A clause within a contract or agreement that specifies the conditions under which a party is liable for certain outcomes, damages, or losses.

Material Facts

Facts that are significant or essential to the matter at hand, influencing decisions or outcomes in legal and contractual contexts.