AVX Home Entertainment, Inc., recently began a "no-hassles" return policy. A sample of 500 customers who recently returned items showed 400 thought the policy was fair, 32 thought it took too long to complete the transaction, and the rest had no opinion. On the basis of this information, make an inference about customer reaction to the new policy. (Round your answers to 1 decimal place.) Customer Reaction Fair Too long No opinion Percent 60.0% 34.0 % 6.0 % The above data suggest that majority of the customers believe the policy is fair

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
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AVX Home Entertainment, Inc., recently began a "no-hassles" return policy. A sample of 500 customers who recently returned items
showed 400 thought the policy was fair, 32 thought it took too long to complete the transaction, and the rest had no opinion. On the
basis of this information, make an inference about customer reaction to the new policy. (Round your answers to 1 decimal place.)
Customer Reaction
Fair
Too long
No opinion
Percent
60.0%
34.0 %
6.0 %
The above data suggest that majority of the customers believe the policy is fair
Transcribed Image Text:AVX Home Entertainment, Inc., recently began a "no-hassles" return policy. A sample of 500 customers who recently returned items showed 400 thought the policy was fair, 32 thought it took too long to complete the transaction, and the rest had no opinion. On the basis of this information, make an inference about customer reaction to the new policy. (Round your answers to 1 decimal place.) Customer Reaction Fair Too long No opinion Percent 60.0% 34.0 % 6.0 % The above data suggest that majority of the customers believe the policy is fair
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