In: Statistics and Probability
Please explain via excel with formulas
8b What is the probability that at least four of ten new customers would Enroll in the new Program (using all the data)? Exactly seven? Less than six? Now compute these same questions and report your findings based on the new probability value after you remove the customers that were given No Offer. Briefly explain how the results change.
Customer ID | Promotion Offer | Enrolled in Program | Pre Promotion Avg Spend | Post Promotion Avg Spend | Marketing Segment |
1 | Free Flight Insurance | Yes | 150.39 | 246.32 | Average Spender |
2 | Double Miles + Free Flight Insurance | Yes | 90.32 | 182.8 | Low Spender |
3 | Double Miles | Yes | 14.93 | 20.55 | Low Spender |
4 | Double Miles | Yes | 45.86 | 75.25 | Average Spender |
5 | No Offer | No | 257.89 | 397.05 | Med Low Spender |
6 | Free Flight Insurance | Yes | 864.59 | 1098.3 | Med High Spender |
7 | Double Miles | No | 137 | 94.76 | Low Spender |
8 | No Offer | No | 1152.27 | 781.75 | Med High Spender |
9 | Double Miles | Yes | 25.82 | 144.57 | Average Spender |
10 | Double Miles + Free Flight Insurance | Yes | 1540.66 | 1605.88 | High Spender |
11 | Free Flight Insurance | Yes | 253.61 | 312.15 | Average Spender |
12 | Double Miles + Free Flight Insurance | No | 37.4 | 47.78 | Low Spender |
13 | Free Flight Insurance | Yes | 1150.51 | 806.47 | Med High Spender |
14 | Double Miles + Free Flight Insurance | Yes | 22.34 | 545.82 | Average Spender |
15 | Free Flight Insurance | Yes | 179.47 | 334.25 | Average Spender |
16 | Double Miles | Yes | 162.42 | 678.43 | Med Low Spender |
17 | Double Miles + Free Flight Insurance | Yes | 24.85 | 90.83 | Low Spender |
18 | Double Miles | Yes | 285.45 | 121.53 | Med Low Spender |
19 | Free Flight Insurance | No | 3005.15 | 3012.99 | High Spender |
20 | Double Miles + Free Flight Insurance | Yes | 28.81 | 77.26 | Low Spender |