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For Question 98, pls show calculation for the answer of 0.5050. Thanks. TABLE 7-4 According to a survey, only 15% of customers who visited the

For Question 98, pls show calculation for the answer of 0.5050. Thanks.

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TABLE 7-4 According to a survey, only 15% of customers who visited the web site of a major retail store made a purchase. Random samples of size 50 are selected. 97. Referring to Table 7-4, the average of all the sample proportions of customers who will make a purchase after visiting the web site is ANSWER: 0.15 or 15% TYPE: Fl DIFFICULTY: Moderate KEYWORDS: sampling distribution, proportion, mean 98. Referring to Table 7-4, the standard deviation of all the sample proportions of customers who will make a purchase after visiting the web site is ANSWER: 0.05050 TYPE: Fl DIFFICULTY: Moderate KEYWORDS: sampling distribution, proportion, standard error 99. True of False: Referring to Table 7-4. the requirements for using a normal distribution to

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