AVX Home Entertainment Incorporated recently began a “no-hassles” return policy. A sample of 540 customers who recently returned items showed 330 thought the policy was fair, 180 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.)
AVX Home Entertainment Incorporated recently began a “no-hassles” return policy. A sample of 540 customers who recently returned items showed 330 thought the policy was fair, 180 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.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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AVX Home Entertainment Incorporated recently began a “no-hassles” return policy. A sample of 540 customers who recently returned items showed 330 thought the policy was fair, 180 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.)
Transcribed Image Text:Customer Reaction
Percent
Fair
%
Too long
No opinion
%
The above data suggest that majority of the customers
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