Mariela is a Chief Financial Officer at a high-end clothing e-retail company. While looking at the traffic and transactions data, she notices that an average of 1,000,000 visitors come to the website, of which 80% browse through the website. 25% of those that browse the website register and put at least one item in the shopping cart. One out of five registered customers check out and pay for the items. Using the formula we discussed in class, what is the conversion rate? a. 52% b. 4% C. 23% d. 33%