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

question 50

Short Answer

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, 90% of the samples will have less than what percentage of customers who will make a purchase after visiting the website?

---

Definitions:

Required Rates of Return

The minimum annual percentage earnings needed from an investment to compensate for its risk, serving as a benchmark for evaluating potential investments.

Standard Deviations

A statistical measure of the dispersion or variability of a set of data points or investment returns from their average value.

Expected Return

The weighted average of the probable returns of an investment, calculated based on past performance or statistical analyses.

Market Risk Premium

The additional return expected from holding a risky market portfolio over a risk-free asset.