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

question 126

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 7-8,90% of the samples will have more than what percentage of customers who will make a purchase after visiting the web site?

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Definitions:

Tax

Mandatory financial charge imposed by a government on individuals, corporations, or transactions to fund public expenditures.

Demand Curve

A visual depiction showing how the demand for a product varies with its price, usually illustrated with a line that slopes downwards towards the right.

Buyers

Persons or organizations that acquire products or services in the marketplace.

Taxes

Financial charges imposed by governments on individuals, businesses, or other entities, primarily to fund public expenditures.