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Part A : Building traveler loyalty is a key strategic factor for a popular vacation rental platform. Several factors can deter repeat bookings, one of which is cancellation by the owner of the property. The data science team observes that 35% of travelers who have not had a reservation cancelled by an owner return to the site for repeat bookings. Travelers with a reservation that WAS cancelled by an owner repeat book at a 20% rate.
If owners cancel 8% of the time, what is the overall repeat booking rate?
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?
STAT 200 - What is the 95% confidence interval for the true mean resale value of a 5- year-old car of this model and Find the probability
Construct a 99?% confidence interval estimate for the mean spending for all shoppers who are members of the? website's premium program.
Based on the scatter diagram developed, do you expect a relationship between Total Cost and Production Volume? Indicate the expected type of relationship ifany.
A common practice now is for large retail pharmacies to buy the customer base from smaller, independent pharmacies. The way this works is that the buyer.
You are trying to concentrate during an examination but you get distracted by the sound of another student tapping her pencil on her desk. Which of the following stages of the information processing model are you in?
In February 2002, a piece of ice sheet biger than the state of Rhode island disintegrated in 30 days. This ice sheet
A number of fast-food chains,after their success with offering their customers fresh salads, and in an effort to downplay the image of selling unhealthy food.
what is the probability that another one would occur before 6:00 p.m. - what is the probability that the next test would occur between 12:00 p.m. and 1:00 p.m.
The following exercises involve constructing definitions:- Construct opposing pairs of persuasive definitions for "conservative" and "socialism."
In business, there seems to be resistance to change whether the change will be good or bad. Why do people resist change?
In the mid-1990s, Colgate-Palmolive had developed a new toothpaste for the U.S. market, Colgate Total, with an antibacterial ingredient that was already being successfully sold overseas.
a bag of 31 tulip bulbs contains 12 red tulip bulbs 12 yellow tulip bulbs and 7 purple tulip bulbs.a what is the
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