Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ane-commerceWeb site claims that3% of people who visit the site make a purchase. Complete parts a through e below based on a random sample of15

Ane-commerceWeb site claims that3% of people who visit the site make a purchase. Complete parts a through e below based on a random sample of15 people who visited the Web site.

e.Suppose that out of the15 customers, 7 made a purchase. What conclusions can be drawn about thesample?

The probability that7 out of15 customers make a purchase is???? ,assuming that3% of customers make a purchase.Therefore,it is likely or not likely ?? that randomly selecting15 customers would result in7 customers who made a purchase.

(Roundto four decimal places asneeded.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introductory Algebra

Authors: Alan S Tussy, Rosemary Karr, Marilyn Massey, Diane Koenig, R David Gustafson

5th Edition

1305161866, 9781305161863

More Books

Students also viewed these Mathematics questions

Question

Discuss the significance of evolutionary theory to psychology.

Answered: 1 week ago

Question

1. What does this mean for me?

Answered: 1 week ago