Which practice is an essential component of customer satisfaction?

Forty-three percent of Americans use social media and other websites to voice their opinions about

rjkz [21]

Answer:

(a) 0.2896 (b) 0.5029 (c)0.5758 (d)In this case they are dependent because the gender is segregated as social media user or not as asocial media worker. the probability and variable is tied to it

Explanation:

Solution

(a)In a survey of 1,364 people, 395 were females who used social media and 232 did not. of males 232 use social media and 355 did not

To make or develop a probability table, take each group and divide their number by their total for example female that use social media is 395 of a total of 1364

395/1364 =0.2896

The probability that a woman uses social media in the survey is 0.2896

so,

A B T

Female 0.2896 0.2133 0.5029

Male 0.2368 0.2603 0.4971

Total 0.5264 0.4736 1.00

(b) To find the probability of a surveyed person being a female, we divivde the total number of females by the whole number, shown below

686/1364 = 0.5029

(c)Conditional probability is defined using the formula which is shown below:

P(A/B) = P(A∩B)/P(B)-------(1)

Where P(A∩B) is the probability of females that use social media 0.2896 and P(B) is the total female probability which is 0.5029

Now we substitute the values in the equation 1 and calculate the probability as shown below:

P(A/B) = 0.2896/0.5029 =0.5758

the conditional probability that are surveyed person is female and uses social media is 0.5758

(d) In this case they are dependent because the gender is segregated as social media user or not as asocial media worker. the probability and variable is tied to it

3 0

3 years ago

According to a recent survey conducted by Bain & Company, which management tool or technique is most popular in global organ

marysya [2.9K]

Answer:

Customer relationship management

Explanation:

Customer relationship management refers to managing the relation with the customer by providing them an excellent quantity of products and services which are to be unique so that it became easy for attract the customer also the firm could gain the competitive advantage.

In the recent survey, it is mentioned that 67% of executives said that the customers are not loyal to their brand also with the help of the internet, it became easy for the customers and the future customers to make the comparision with regard to the prices that enables the firm to increase the price at the same time the firm also balance the market share

So the customer relationship management is the answer

3 0

4 years ago

Individual Problems 5-1

Yuliya22 [10]

Answer and Explanation:

The computation is shown below:

1. The break even price per shirt is

Fixed cost per unit t-shirt is

= $24,000 ÷ 8,000

= $3

And,

Variable cost per shirt = $9

So, the break even price per shirt is

= $3 + $9

= $12

Now if George sells 50% more tshirt then total shirt sell is

= 8000 + 0.5 × 8000

= 12000

So,

Fixed cost per shirt is

= $24,000 ÷ 12000

= $2

So,

Breakeven price per shirt will be

= $2 + $9

= $11

2. The present value of the return is

= 30 ÷ 1.25 + 30 ÷ 1.25^2 + 30 ÷ 1.25^3

= 24 + 19.2 + 15.36

= 58.56 < 80

As the present value is lower than the investment made so the investment is not profitable

3. The investment made in human capital with respect to lawyers would be considered as an after investment that hold-up

Therefore this is a true statement

5.

The total cost of the truck is

TC = $2,500,000 + $200,000 + 4Q

And, The total revenue is

TR = PQ

So, the total profit is

TR = PQ - $2,700,000 - 4Q

Now

PQ - $2,700,000 - 4Q = 0

P = $2,700,000 - 4Q ÷ Q

Assume Q = 100000

So,

P = $2,700,000 - 4 × (100,000) ÷ 100,000

= 26

4 0

3 years ago

the population of kosofe local government was 880,000 in december 1980,out of which 60% were females .If within one year,low bir

Dimas [21]

Answer:

The population of Kosofe local government for 1981 is 704 000.

Explanation:

The solution to the question above is answered in the attached picture.

4 0

4 years ago

In a business decision where there are ethical concerns, the preferred course of action should be one that: avoids casting doubt

pentagon [3]

yes that is what should be done

8 0

3 years ago