if we are having 1M visitors and each reads 1000 articles, why using conversion rate?
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Why conversion rate?
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Luca
am 22. Jan. 2020
Coach
BCG |NASA | SDA Bocconi & Cattolica partner | GMAT expert 780/800 score | 200+ students coached
Hello Mena,
The text is a bit confusing saying that "it is expected that each visitor will read about a 1,000 premium articles a year". In the solution the assumption is that "every visitor that is willing to pay to read articles, will read 1000 articles per year". The conversion rate is an estimation of the visitors that are willing to pay.
Does it make sense?
Best,
Luca
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+2
If the questions didn't explicitly say 'each visitor', then I would make an assumption for conversion.