A mail-order sales company sent its new catalog initially to a representative sample of 10,000 people from
Question:
a. Find the average dollar amount ordered per person in this initial mailing.
b. What total dollar amount in orders should the company expect when the catalog is sent to everyone on the mailing list of 563,000 people?
c. From the sample of 10,000 people generating $36,851 in orders, only 973 people actually placed an order. Find the average dollar amount ordered per person who placed an order.
d. Given the information in part c, how many orders should the company expect when the catalog is sent to everyone on the mailing list of 563,000 people?
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Step by Step Answer:
a The average dollar amount per person is 3...View the full answer
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Sandip Nandnawar
I am a B.E (Information technology) from GECA and also have an M.C.M from The University of RTMNU, MH.
I worked as a software developer (Programmer and TL). Also working as an expert for the last 6 years and deal with complex assessment and projects. I have a team and lead a team of experts and conducted primary and secondary research. I am a senior software engg and senior expert and deal with all types of CSE and IT and other IT-related assessments and projects and homework.
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