SCENARIO 7-8 According to a Survey,only 15% of Customers Who Visited the Visited

question 9

True/False

SCENARIO 7-8
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 from a population of 900.Use the finite population correction factor.
-Referring to Scenario 7-8,the requirements for using a normal distribution to approximate a binomial distribution is fulfilled.

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Definitions:

Required Rate

This term might be understood in different contexts; however, in finance, it often refers to the minimum return that investors expect to earn on an investment.

Transistor

A semiconductor device used to amplify or switch electronic signals, forming the foundation of modern electronic devices.

Output Terminal

The point in an electrical device or circuit where output is taken out or transferred to another circuit or component.

Emitter

A device or component that releases or sends out something such as energy, signals, or substances.