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Inference of Meaning of Data

AVX Stereo Equipment, Inc recently began a "no hassles" return policy. A sample of 500 customers who had recently returned items showed 400 thought the policy was fair, 32 thought it took too long to complete the transaction, and the remainder had no opinion. On the basis of these findings make an inference about the reaction of all customers to the new policy.

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400 of the 500 is 90% and that indicates that most people believe the policy is fair and the few ...

Solution Summary

Discussion of the meaning of the results of a gathered data infer about a new business policy by AVX Stereo Equipment.