Question
Pit Stop maintains several distinct customer lists. Pit Stop's Blue Member list contains 33,603 names of customers who are strictly transactional--they have no long-term commitment.
Pit Stop maintains several distinct customer lists. Pit Stop's "Blue Member" list contains 33,603 names of customers who are strictly transactional--they have no long-term commitment. Last year, while cleaning up their mailing lists, Pit Stop retained 24,631 names on the "Blue Member" list as continuing customers, and deleted the rest. Compute Pit Stop's annual retention rate for "Blue Member" customers, as implied by these numbers. (Report your answer as a percentage. Rounding: nearest tenth of a percent. Report 61.2%, for example, as "61.2".) show step by step work how you got answer.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started