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

question 182

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 between 20% and 30% of customers who will make a purchase after visiting the web site?

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Definitions:

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Information gathered by watching and recording actions or outcomes, without intervening or altering the situation.

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Information that has been collected previously by someone else and is available outside the organization for research purposes.

Economic Research Service

A U.S. government agency providing economic research and analysis, primarily in agriculture, food, the environment, and rural economies.