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:

Bargaining Unit

A group of employees with a clear and identifiable community of interests who are represented by a single labor union in bargaining and negotiations.

Certification

An official recognition or guarantee that an individual, product, or organization meets certain standards or qualifications.

Lawful Strike

A work stoppage by unionized workers that is legally permitted and adheres to labor laws.

Picket Lines

A form of protest or demonstration by workers, often at entrances to a workplace, aimed at publicizing a labor dispute or discouraging people from crossing the line during a strike.