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Charter Communications uses the order-call ratio to measure the performance of its salespeople. If, in the past year, a salesperson made $13 million in sales, called on 4,312 potential business customers (either by phone or in person) , and got 1,216 orders, what was this sales rep's order-call ratio (to the nearest whole number percent) ?
Utility Function
A mathematical representation that describes how consumers allocate their spending to maximize satisfaction or utility from goods and services.
Course Grade
The evaluation or assessment of a student's performance in a course, typically represented as a letter or number.
Min/Max Function
A mathematical function that identifies the minimum or maximum value within a particular set of data or input.
Same Income
A scenario in which two or more entities earn or receive an identical amount of money.
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