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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Virtue

The quality of being morally good or righteous.

Organizational Model

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Chief Executive Officer

The highest-ranking executive in a company, responsible for making major corporate decisions, managing operations, and setting strategic directions.