Instruction 7.4 According to a Survey, Only 15% of Customers Who Visited

question 115

Short Answer

Instruction 7.4
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.
-Referring to Instruction 7.4,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:

Trait Scoring

A method used in psychology to quantify individual characteristics or traits, often through questionnaires or assessments.

Law Of Averages

A principle that suggests events with equal probability of occurring will tend to even out over time, but often misinterpreted as a belief that a particular outcome is due.

Homelessness

The condition of lacking stable, safe, and adequate housing to live in.

Severe Mental Illness

Mental disorders that significantly impact day-to-day functioning, including major depression, schizophrenia, and bipolar disorder.