Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Submit test An e-commerce Web site claims that 8% of people who visit the site make a purchase. Complete parts a through e below

image text in transcribedimage text in transcribed

Submit test An e-commerce Web site claims that 8% of people who visit the site make a purchase. Complete parts a through e below based on a random sample of 15 people who visited the Web site. (Round to tour decimal places as needed.) d. Suppose that out of the 15 customers, 6 made a purchase. What conclusions can be drawn about the sample? The probability that 6 out of 15 customers make a purchase is, assuming that 8% of customers make a purchase. Therefore, it is would result in 6 customers who made a purchase. (Round to four decimal places as needed.) e. If you worked for the e-commerce site and you got the results from part d, what would you do? that randomly selecting 15 customers A. Confirm the results using a larger sample size; small samples can sometimes give results that are not representative of the larger population. OB. Question whether the company's claim about the percentage of people who purchase is accurate; it may have changed from the historical data. OC. Compare the actual number of purchasers to the mean of the binomial distribution and see how many standard deviations away from the mean the actual number of purchasers lies. OD. Any of the above would be reasonable steps to take before drawing a firm conclusion. K An e-commerce Web site claims that 8% of people who visit the site make a purchase. Complete parts a through e below based on a random sample of 15 people who visited the Web site. a. What is the probability that none of the people will make a purchase? The probability is (Round to four decimal places as needed.) b. What is the probability that less than 3 people will make a purchase? The probability is (Round to four decimal places as needed.) c. What is the probability that more than 1 person will make a purchase? The probability is (Round to four decimal places as needed.) d. Suppose that out of the 15 customers, 6 made a purchase. What conclusions can be drawn about the sample? The probability that 6 out of 15 customers make a purchase is assuming that 8% of customers make a purchase. Therefore, it is would result in 6 customers who made a purchase. (Round to four decimal places as needed.) that randomly selecting 15 customers Submit test

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_2

Step: 3

blur-text-image_3

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

Complex Variables and Applications

Authors: James Brown, Ruel Churchill

8th edition

73051942, 978-0073051949

More Books

Students also viewed these Mathematics questions

Question

1. Summarize the four roles of brands

Answered: 1 week ago

Question

=+a. Construct the corresponding frequency distribution.

Answered: 1 week ago