Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Based on past data, the owner of an online shopping site believes that 72% of customers who visit the site will make a purchase. Say,

Based on past data, the owner of an online shopping site believes that 72% of customers who visit the site will make a purchase. Say, a random sample of 55 customers visits the site, and 29 of these make a purchase. What is the standard deviation of the sampling distribution of the sample proportion of customers who visit the site and make a purchase?

Work to a minimum of four decimal places throughout your calculation.

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

Critical Issues In Mathematics Education Monograph Series In Mathematics Education

Authors: Paul Ernest, Brian Greer, Bharath Sriraman

1st Edition

1607522187, 9781607522188

More Books

Students also viewed these Mathematics questions