Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

DETERMINE THE PROBABILITY OF PEOPLE TO MAKE ONLINE PURCHASES DURING THE COVID-19 PANDEMIC. WE SELECTED A SAMPLE OF 100 CONSUMERS TO ESTIMATE THE PROPORTION OF

DETERMINE THE PROBABILITY OF PEOPLE TO MAKE ONLINE PURCHASES DURING THE COVID-19 PANDEMIC. WE SELECTED A SAMPLE OF 100 CONSUMERS TO ESTIMATE THE PROPORTION OF PURCHASES THEY MADE DURING THE PANDEMIC. THIS WAS WHAT WAS FOUND: 65 PEOPLE SHOP ON INTERNET ELECTRONIC COMMERCE PLATFORMS, 78 INDICATE THAT INTERNET PRICES ARE BETTER THAN THOSE IN PHYSICAL STORES, 24 OF THEM HAVE HAD TO RETURN THE PRODUCTS DUE TO PROBLEMS AND DAMAGE .

DETERMINE:

A) WHAT IS THE PROBABILITY THAT A CONSUMER DOES NOT BUY ON THE INTERNET?

B) WHAT IS THE PROBABILITY THAT A CONSUMER WILL FIND THAT INTERNET PRICES ARE MUCH LOWER THAN THOSE IN STORES?

C) WHAT IS THE PROBABILITY OF HAVING TO RETURN A PRODUCT PURCHASED ON THE INTERNET BECAUSE IT IS DAMAGE?

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

Hostile Money Currencies In Conflict

Authors: Paul Wilson

1st Edition

075099178X, 9780750991780

More Books

Students also viewed these Economics questions

Question

Describe three types of learning discussed in the work of Koffka.

Answered: 1 week ago