subject
Mathematics, 01.05.2021 15:10 tsimonej12

A high-end automotive company is interested in launching a new marketing campaign for their most recent luxury car model. They choose a direct mail style campaign which will cost the company approximately $1 (USD) for each offer mailed. The company is interested in maximizing sales of the new car model and is curious about the U. S. vs. European markets for this product. A pilot study from the market research division of the company shows that 4.3% of the U. S. customers who receive an offer make an additiona inquiry about the car. The same research showed that the odds of a European customer who receives an offer making an additional inquiry are 0.0255. Use this information to complete the following statements (Enter your answer to four decimal places.) (a) The odds of a U. S. customer making an additional inquiry given that they receive an offer is
(b) The anticipated percent of European customers who will make an addiional inquiry given that they receive the offer is
(c) Then the OR is
(d) Therefore, the percent increase of customers making an additional inquiry when moving from the European market to the U. S. market is %, (Enter your answer to two decimal places indicating that U. S. customers are times more likely to make an additional inquiry about the car than European customers. (Enter your answers to four decimal places.) 96, (Enter your answers to two decimal places.)

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 13:30
The graph shown below expresses a radical function that can be written in the form f(x)=a(x+k)1/n+c what does the graph tell you about the value of n in this function
Answers: 3
question
Mathematics, 21.06.2019 18:30
Can someone check if i did this right since i really want to make sure it’s correct. if you do you so much
Answers: 1
question
Mathematics, 21.06.2019 19:00
In trapezoid abcd, ac is a diagonal and ∠abc≅∠acd. find ac if the lengths of the bases bc and ad are 12m and 27m respectively.
Answers: 3
question
Mathematics, 21.06.2019 20:30
Hi if you want to play a sports related kahoot go to kahoot.it and type in this code: 659344
Answers: 1
You know the right answer?
A high-end automotive company is interested in launching a new marketing campaign for their most rec...
Questions
question
Mathematics, 03.12.2021 01:00
question
Physics, 03.12.2021 01:00
question
World Languages, 03.12.2021 01:00
question
Advanced Placement (AP), 03.12.2021 01:00
Questions on the website: 13722361