A lawn-care service makes telephone solicitations, seeking customers for the coming season. A review of the records
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A lawn-care service makes telephone solicitations, seeking customers for the coming season. A review of the records indicates that 15% of these solicitations produce new customers and that, of these new customers, 80% had used some rival service in the previous year. It is also estimated that, of all solicitation calls made, 60% are to people who had used a rival service the previous year. What is the probability that a call to a person who had used a rival service the previous year will produce a new customer for the lawncare service?
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Related Book For
Statistics For Business And Economics
ISBN: 9781292436845
10th Global Edition
Authors: Paul Newbold, William Carlson, Betty Thorne
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