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

question 118

Short Answer

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,what proportion of the samples will have less than 15% of customers who will make a purchase after visiting the web site?

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Definitions:

Primary Data

Original and direct data collected by a researcher firsthand for a specific research purpose or project.

Mechanical Methods

Pertains to procedures and techniques involving machinery or tools in processes such as manufacturing or data processing.

External Secondary Data

Information collected from outside sources that has already been gathered for some purpose other than the current research need.

U.S. Census Bureau

A principal agency of the U.S. Federal Statistical System responsible for producing data about the American people and economy.