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Problem 2 : One credit card company sent 1 , 0 0 0 , 0 0 0 letters with the costs of $ 1 .
Problem :
One credit card company sent letters with the costs of $ million dollars to the target
market, and finally they issued new credit cards. After one month, only of them
activated a credit statement.
How much is the acquisition rate? Show two approaches
How much is the acquisition cost? Show two approaches
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