Your firm which sells a technologically advanced product

Assignment Help Basic Statistics
Reference no: EM13642173

Your firm, which sells a technologically advanced product directly to consumers, has developed a new website that has a scrolling pop-up that prompts someone browsing your site to call a toll-free number to speak directly to a representative who can answer questions. Requests for information account for 75% of calls, while 15% of calls result in an actual order. Also, 10% of calls involve both information requests and order placement.

What is the probability that a call generated an order and did not request information?

What is the probability that a call generated an order, given that it requested information?

Providing information is costly, and yet generated no revenues. Should you halt this service?

Reference no: EM13642173

Questions Cloud

The acid equilibrim constant k for benzoic acid is 646 x 10 : calculate the ratio of dissolved benzioc acid to benzoate ion that will exist in solution at equilibrim at a ph of
If one-third the resulting carbon dioxide remained in the : it has been estimated that about 3.4 x 1013 kg of fossil fuels will be consumed annually by the year 2020. if one-third
Two identical 25 g particles each carry 20 uc micro : two identical 25 g particles each carry 2.0 uc micro coulombs of charge. one is held fixed and the other is placed 1.0
In a standard clover-leaf interchange there are four ramps : in a standard clover-leaf interchange there are four ramps for making right-hand turns and inside these four ramps
Your firm which sells a technologically advanced product : your firm which sells a technologically advanced product directly to consumers has developed a new website that has a
How many minutes does it take light from the sun to reach : how many minutes does it take light from the sun to reach the earth? the distance from the sun to earth is 93 million
A report says that the between-subjects factor of : a report says that the between-subjects factor of participants salary produced significant differences in self-esteem.a
The product gas from a solid fuel combustion reaction has : the product gas from a solid fuel combustion reaction has the following dry-basis molar composition 72.0 co2 2.57 co
Foofy obtained a significant fobt from an experiment with : foofy obtained a significant fobt from an experiment with five levels. she therefore concludes that changing every

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd