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Background for questions. One of the biggest issues facing e-retailers is the ability to turn browsers into buyers.
Background for questions. One of the biggest issues facing e-retailers is the ability to turn browsers into buyers. This is measured by the conversion rate, the percentage of browsers who buy something in their visit to a site. The conversion rate for a company's website was 10.1%. The website at the company was redesigned in a increase its conversion rates. A sample of 200 browsers at the redesigned site was selected. Suppose that 24 browsers made a purchase. The company officials would like to know if there is evidence of an increase in conversion rate at the 5% level of significance.
1.The parameter the company officials are interested in is ) A) the proportion of browsers who buy something in their visit to the company's website. B) the mean number of browsers who buy something in their visit to the company's website. C) the mean number of company officials who buy something in their visit to the company's website. D) the total number of browsers who buy something in their visit to the company's website.
2. What critical value should the company officials use to determine the rejection region?
