studentshello
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If each order had an average value of £50, how many total interactions (across all types) would be needed to earn £10,000 from website interactions only? See graph attached.


Any ideas? Thanks.
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studentshello
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Bump!
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mqb2766
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(Original post by studentshello)
Bump!
What are you having problems with. It looks like you should take the percentages from the first group on the bar graph?
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studentshello
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(Original post by mqb2766)
What are you having problems with. It looks like you should take the percentages from the first group on the bar graph?
I should have said there are 12,000 interactions total.

How do I use this information to answer the question?
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mqb2766
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(Original post by studentshello)
I should have said there are 12,000 interactions total.

How do I use this information to answer the question?
If every interaction produced a sale, how many interactions would you need?
Then combine that with the info about website percentages?
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studentshello
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(Original post by mqb2766)
If every interaction produced a sale, how many interactions would you need?
Then combine that with the info about website percentages?
So 50 x 12000

Then do 25% of that

Then divide by 4?

Or find 7% of that?
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mqb2766
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(Original post by studentshello)
So 50 x 12000

Then do 25% of that

Then divide by 4?

Or find 7% of that?

"If each order had an average value of £50, how many total interactions (across all types) would be needed to earn £10,000 from website interactions only?"

I'm not sure why you're doing the proposed calculations? Reading the graph properly, I think its the third group that's useful here (preferred interaction) rather than info about first interaction.
* How many orders would be needed to earn 10lk across all types?
* How many would it be for just websites?
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studentshello
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(Original post by mqb2766)
"If each order had an average value of £50, how many total interactions (across all types) would be needed to earn £10,000 from website interactions only?"

I'm not sure why you're doing the proposed calculations? Reading the graph properly, I think its the third group that's useful here (preferred interaction) rather than info about first interaction.
* How many orders would be needed to earn 10lk across all types?
* How many would it be for just websites?
Sorry but I'm still a bit stuck.
What should I calculate first?
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mqb2766
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(Original post by studentshello)
Sorry but I'm still a bit stuck.
What should I calculate first?
Possibly in the order given?
1. How many orders would be needed to earn 10lk across all types?
2. How many would it be for just websites
Post working, with explanation, if you have a problem.
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studentshello
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(Original post by mqb2766)
Possibly in the order given?
1. How many orders would be needed to earn 10lk across all types?
2. How many would it be for just websites
Post working, with explanation, if you have a problem.
12000 x £50 = £600,000.
14% of £600,000 = £84,000.
1680 interaction gives £84,000.

So for £10,000, this requires 200 interaction.


This does not seem right.
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mqb2766
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(Original post by studentshello)
12000 x £50 = £600,000.
14% of £600,000 = £84,000.
1680 interaction gives £84,000.

So for £10,000, this requires 200 interaction.


This does not seem right.
I'm really not sure what you're working out in the various steps. You know that each interaction gets £50, so 200 interactions will generate £10,000. Think about what this means
* when the interactions were anything ("across all types")
* website interactions only
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tzubair96
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1. Work out how many purchases/orders you need to make £10,000 if each purchase/order is £50.2. Note that 7% of web interactions lead to purchases/orders, use answer from above to work out the number of web interactions that lead to purchases.3. Use the answer from above to work out the total number of interactions. The guy in this thread is only partially right, he is definitely wrong about which graph you need. You need to use the first and last graphs to work out the answer to this (16,807).
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DBlock Europe
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Hi, Would you mind explaining this a little more?I'm stuck on how the answer came to be 16807.Thanks.
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Dizzle96
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(Original post by DBlock Europe)
Hi, Would you mind explaining this a little more?I'm stuck on how the answer came to be 16807.Thanks.
So you first work out how many orders are required to make £10,000 from the website alone. £10,000/£50 = 200 orders

Now we know how many orders are needed but obviously the first 200 interactions are not guaranteed purchases.

Therefore we need to figure out how many web interactions are required to get 200 website orders which lead to a purchase using the top graph. 200/0.07 = 2857.14

Now we know how it takes 2857 website interactions to get 200 purchase orders, but we now need to work out the total number of interactions to get 2857 web interactions

Now we use the bottom graph. 2857.14/0.17 = 16806.7 = 16807 total interactions required to get £10,000 of web orders.

hope that helps
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