Your Telephone Operators Receive Many Different Types Of Calls Requests For Informat 7804459

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Answer to : Your Telephone Operators Receive Many Different Types Of Calls Requests For Informat 7804459

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Description

Your telephone operators receive many different types of calls. Requests for information account for 75% of all calls, while 15% of calls result in an actual order. Also, 10% of calls involve both information requests and order placement.

a. What is the conditional probability that a call generated an order, given that it requested information? (This tells you something about the immediate value to your business of handling information requests.)

b. What is the conditional probability that a call did not request information, given that it generated an order? (This represents the fraction of your orders that ... View full description