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:

Firm

A firm is an organization engaged in commercial, industrial, or professional activities, aiming to generate profits from its operations.

Risk-adjusted

This term describes the process of taking financial risks into account when evaluating the potential returns of an investment, leading to a more accurate understanding of its true value.

Discount Rates

The interest rate used to calculate the present value of future cash flows.

Risk

The possibility of losing some or all of an investment, reflecting uncertainty about the actual future returns.