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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