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You own a large online company, in the last six months you recently had 2,010 unique customers purchase items from your Amazon page. Of those
You own a large online company, in the last six months you recently had 2,010 unique customers purchase items from your Amazon page. Of those 2,010 customers a third have purchased only one item. You know from previous years that if the customer has more than one transaction they tend to spend about $1,000 over the course of a year with you. You decide to offer those with only one transaction a coupon. You want to gage the success of the coupon, so after 2 months' time you tally the number of customers who utilized the coupon. What is your sample space? (This should be a number). If 136 customers used your coupon, give the success rate (as a percent) of the coupon for creating more transactions as the: "# of purchases with coupons" /"# of people offered coupons
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