SCENARIO 7-4 According to a Survey, Only 15% of Customers

question 61

True/False

SCENARIO 7-4 According to a survey, only 15% of customers who visited the web site of a major retail store made a purchase.Random samples of size 50 are selected.
-Referring to Scenario 7-4, the requirements for using a normal distribution to approximate a binomial distribution is fulfilled.

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Definitions:

Finished Goods

Products that have completed the manufacturing process and are ready to be sold to customers.

Customers

Individuals or entities that purchase goods or services from another entity, often seen as the final recipient in a supply chain.