Answered: Below incldes the results from a recent…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Question

Below incldes the results from a recent survey with Get Food Now customers First interaction that result in a purchase = 25% Customers satisfied with first interaction = 335% Preferred type of interaction = 100% First interaction with Get Food now = 100% If each order had an average of £50, how many total interactions across all types would Get Food Now need in order to ear £10,000 from face to face interactions only

Expert Solution

Step 1: Given Information

Let's break down the information provided:

Percentage of first interactions resulting in a purchase = 25%
Percentage of customers satisfied with the first interaction = 33.5% (assuming this is what you meant by "335%")
Percentage of customers with a preferred type of interaction = 100%
First interaction with Get Food Now = 100% (this seems redundant, but it's stated in the information)

If each order has an average value of £50, and Get Food Now wants to earn £10,000 from face-to-face interactions only, we can set up an equation to find the total number of interactions needed.