Of 100,000 Macy customers active in 2005, 80,000 are still active in 2006. The average lifetime duration is therefore 80%.

Name: Of 100,000 Macy customers active in 2005, 80,000 are still active in 2006. The average lifetime duration is therefore 80%.
Brand: Quizplus
Rating: 4.9 (43 reviews)

Question

Quizplus · Accepted Answer

The average lifetime duration of customers cannot be determined solely by the number of customers active from one year to the next without considering the specific duration each individual customer remains active over time.

Of 100,000 Macy Customers Active in 2005, 80,000 Are Still