Question

An average response rate for a marketing letter is 4%, meaning that 4% of the people who receive the letter respond to it. A company writes a new type of marketing letter, sends out 2,400 of them, and gets 65 responses. Explain whether the new type of letter would be considered to be a success.

Answer 1

`(65)/(2400) * 100\% \\ = 2.71\%`

Answer : No, the new type of letter wouldn't be considered as a success because its response rate (2.71%) is lower than the average response rate which is 4%.

Hope this helps. - M