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A sales manager has analysed a sample of 350 sales transactions from the latest period. The manager wishes to investigate:
how many customers made their purchase online using the internet and how many purchased by telephone.
how many were new customers and how many were placing repeat orders.
The following table shows the results of the analysis.
If the pattern of sales occurs next period, the probability of a particular sale being a repeat order placed online is closest to:
Suggested Answer: B
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11 comments · newest first
DO
Doretha
12 months ago
I’m surprised by the number of online purchases!
KI
Kiley
12 months ago
Totally agree, 0.40 seems too high.
LA
Lavonna
1 year ago
Wait, how can we be sure about that probability?
JO
Jolene
1 year ago
I think it's definitely around 0.35.
KE
Keneth
1 year ago
Looks like a lot of repeat orders!
HA
Hana
1 year ago
I feel like the answer could be around 0.35 based on my calculations, but I’m not entirely confident without double-checking the data.
MA
Malcom
1 year ago
I think the total number of online sales and repeat orders is key here, but I can't recall the exact numbers from the table.
PE
Pearly
1 year ago
This question reminds me of a similar practice one where we had to find the probability of new customers. I think I need to focus on the repeat orders this time.
FR
France
1 year ago
I remember we practiced calculating probabilities based on different customer segments, but I'm not sure how to break down the online repeat orders specifically.
DA
Davida
1 year ago
The key here is understanding how RDD operators work for partial updates. I think I can figure this out if I apply the concepts we learned in class.
AD
Adelle
1 year ago
This looks like a pretty straightforward Oracle SQL question. I'll need to carefully read through each statement and think about what I know about Oracle's transaction management and data access features.