Posted by: Pdfprep
Post Date: February 21, 2021
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:
A . 0.11
B . 0.40
C . 0.16
D . 0.35
Answer: B
Leave a Reply