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    AVX Stereo Equipment Survey

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    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 rest had no opinion. On the basis of this information, make an inference about customer reaction to the new policy.

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    Solution Preview

    32 out of 500 customers were not happy with the "no hassle" return policy and thought that it took long too complete the transaction. ...

    Solution Summary

    This solution makes an inference about customer reaction to AVX Stereo Equipment's new policy.