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If you give N users a 5$ coupon, with the probability of usage being P, what is the expected coupon spend? What assumptions would you make to underpin that answer? What is the probability that one of the coupons will be used?
Tags
Data Analyst
Marketer
General
Apply expected value concepts from probability theory and consider binomial distribution when determining the likelihood of coupon usage across a population.
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Hard Difficulty
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Statistics question
Statistics questions assess your understanding of data analysis principles. Show your knowledge of probability, statistical inference, experimental design, and how you apply quantitative methods to interpret data and draw valid conclusions.