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

question 114

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

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Definitions:

Caste System

An ascribed system of hereditary class designation.

Social Mobility

Movement between social classes.

Reincarnation

The belief, associated with Eastern religions, that one’s essence does not die and instead is reborn in another form.

Upper-Class

A social group at the top of a societal hierarchy, often possessing substantial wealth, power, and influence.