If 50 of 500 Sampled Customers Said They Would Make

question 96

Multiple Choice

If 50 of 500 sampled customers said they would make a purchase of a new TV set,what is the sample proportion?

• A).10
• B).20
• C).15
• D).25

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Definitions:

Global Retail Development Index

An annual study that ranks countries based on the attractiveness and potential of their retail markets for investment by retail companies.

Trade Surplus

A situation where a country exports more goods and services than it imports, leading to a positive balance of trade.

Exporting

Producing goods in one country and selling them in another.

Joint Venture

Formed when a firm entering a new market pools its resources with those of a local firm to form a new company in which ownership, control, and profits are shared.