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