Almost ________ of Consumers Are More Likely to Purchase from a Site

question 96

Multiple Choice

Almost ________ of consumers are more likely to purchase from a site that offers ratings and reviews.

• A) 1/3
• B) 2/3
• C) 1/4
• D) 3/4

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Definitions:

Sample Size

The number of observations or data points collected in a study or used in a statistical analysis.

Interval Estimate

An estimate of a population parameter that provides a range of values, defined by lower and upper bounds, that is likely to contain the parameter of interest.

Z Value

A statistic indicating how many standard deviations an element is from the mean in a normal distribution.

Population Parameter

A numerical value that represents a characteristic of an entire population, such as its mean or standard deviation.