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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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17 comments · newest first
MO
Mona
11 months ago
I’m leaning towards option C (0.16), just feels right.
MA
Mattie
11 months ago
Totally agree, repeat orders are crucial for growth!
SA
Sang
12 months ago
Wait, are we sure about those numbers? Seems high!
EV
Evangelina
12 months ago
I think option B (0.40) makes the most sense here.
KA
Kanisha
1 year ago
Looks like online sales are really taking off!
AR
Arlene
1 year ago
I recall that we discussed how to analyze customer types, but the exact numbers from the table are a bit fuzzy in my mind. I hope I can work it out during the exam.
DE
Delsie
1 year ago
I feel like the answer could be around 0.35, but I’m not completely confident. I need to remember how to calculate the total repeat orders first.
RE
Reed
1 year ago
I think we had a similar question about online vs. telephone sales in our last mock exam. I might need to double-check how to find the repeat order percentage.
TE
Tequila
1 year ago
I remember we practiced calculating probabilities based on sales data, but I'm not sure how to separate the online repeat orders from the total.
PE
Pearlene
1 year ago
Alright, let's do this. I'll start by identifying the total number of sales and then work out the probabilities for each category. Gotta be careful with the wording, but I think I've got a good strategy.
BU
Buck
1 year ago
This seems straightforward enough. I just need to find the relevant values in the table and do the calculation. I'm confident I can solve this if I take my time.
HE
Hester
1 year ago
I'm a bit confused by the question. How do I use the information in the table to calculate the probability of a repeat order placed online? I'll need to review the concepts on conditional probability.
AZ
Azzie
1 year ago
Okay, I see we need to find the probability of a repeat order placed online. Let me think through this step-by-step to make sure I get the right answer.
FE
Fernanda
1 year ago
Hmm, this looks like a probability question based on the sales data. I'll need to carefully analyze the table to determine the relevant probabilities.
DO
Donette
1 year ago
Okay, I think I've got a handle on this. The key is to identify the option that describes a group of users with similar personal characteristics and context of use. Let me re-read the options and see which one fits that criteria.
QU
Quentin
1 year ago
I'm a bit confused about the Balance keyword. Is that a reserved word or something?
RO
Rory
1 year ago
Creating new agents on the Finesse system doesn't seem right for the Finesse JavaScript library, but I can't recall exactly why. Wasn't that more of an administrative function?