A store manager would like to know how many customers will spend more than 1000 per visit

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A store manager would like to know how many customers will spend more than £1000 per visit at his store in a month. He samples 100 customers who visited his store last month and finds that 15 of them spent more than

£1000. Are all the assumptions and conditions for finding the sampling distribution of the proportion satisfied?

Explain briefly.

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Business Statistics

ISBN: 9781292269313

4th Global Edition

Authors: Norean Sharpe, Richard De Veaux, Paul Velleman

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Question Posted: Sep 07, 2024 06:00 AM

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A store manager would like to know how many customers will spend more than 1000 per visit

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Business Statistics

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