Instruction 7-4 According to a Survey,only 15% of Customers Who Visited the Visited

question 90

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,the average of all the sample proportions of customers who will make a purchase after visiting the web site is ________.

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Definitions:

Military Spending

Government expenditure on defense forces and activities, including salaries, equipment, and facilities.

Productivity Growth

The rate at which the efficiency of production increases, often measured by the output per unit of labor input over time.

Health Care Per Capita

The total expenditure on health care divided by the population size, indicating the average spending on health care per person.

Rich Nations

Countries with high levels of wealth, income, and economic productivity per capita.