Question: Average customer lifetime--the span from first order to last--for Blue Member customers is 3.1 years, spending an average of $480 per year with the company.
Average customer lifetime--the span from first order to last--for "Blue Member" customers is 3.1 years, spending an average of $480 per year with the company. Compute annual retention rate for Pit Stop's "Blue Member" customers.(Report your answer as a percent.Rounding: tenth of a percent.Report an answer of 23.3%, for example, as "23.3".)
Answer: 67.7
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
