Part B : The data science team also seeks to understand the impact on customer loyalty with respect to another type of cancellation: travele

Question

Part B : The data science team also seeks to understand the impact on customer loyalty with respect to another type of cancellation: traveler cancellations. The repeat booking rate for owner cancellations is 20%; for traveler cancellations, 28%; and no cancellation, 36%. If the overall repeat booking rate is 34%, and the probability of an owner cancellation is 8%, what is the probability of a traveler cancellation

in progress 0
Khang Minh 5 years 2021-08-25T03:15:20+00:00 1 Answers 7 views 0

Answers ( )

  1. Doris
    0
    2021-08-25T03:17:09+00:00
    Reply

    Answer: 0.28 or 28%

    Step-by-step explanation:

    We know that the probability of an event is the likelihood of that event occurring.

    It is already given that, the percentage of traveler cancellations =28% which is determining the chances of traveler cancellations.

    That means, the probability of a traveler cancellation= 28%

    In decimal , the required probability = 0.28 [To convert % to decimal, we divide it by 100]

    Hence, the probability of a traveler cancellation = 0.28 or 28%

Leave an answer

Browse

Giải phương trình 1 ẩn: x + 2 - 2(x + 1) = -x . Hỏi x = ? ( )