SCENARIO 7-4 According to a Survey,only 15% of Customers Who Visited the Visited

question 68

Short Answer

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,what is the probability that a random sample of 50 will have at least 30% of customers who will make a purchase after visiting the web site?

---

Definitions:

Love And Affection

An emotional state or feeling of strong attachment and personal bond towards another person or persons.

Adequate Consideration

The fair and reasonable value exchanged in a contract that is sufficient to make the agreement binding and enforceable.

Requirement

is a necessary or obligatory condition that must be met or complied with, often specified for purposes like quality, safety, or performance.

Consideration

A fundamental concept in contract law, referring to something of value that is exchanged between parties as part of an agreement.