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Case Study: It was basic Math problem, The question 1 was asked is Capital One is trying to add GPS location in your statement,
Case Study: It was basic Math problem, The question 1 was asked is " Capital One is trying to add GPS location in your statement, suppose you shopped in a mom and pop shop and since they wont have a proper name and would be something like " AX, POP $3.50" and if you forgot about the purchase you would panic and call your bank, SO capital one is going to look at two different 3rd party vendor and wanted to see which would be worth the more to reduce the calls which is costing $15 per call. So the problem was Lets say we are sending 1000 transaction to these vendors V1 would charge $0.08 and could guarantee 60% of the transactions. V2 would charge $0.10 and could guarantee 40%, so which is worth it and why. After that I was asked if the CEO gives us $100,000 now which would be more worth it and which would we save the most money and why
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