out of 50 customers surveyed, 22 of them stated that they would buy a protection plan. if 700 customers came in the next day predict how many of them would probably buy the protection plan. please show work.

Verified Answer :

Out
of 50 customers surveyed, 22 of them stated that they would buy a protection
plan.

On the next day, 700 customers came.

Let’s predict how many of them would probably buy the protection plan.

Ratio = 50 : 22 = 700 : x

=> 700 * 22 = 15 400

=> 15 400 / 50 = 308

Thus, if 700 customer came in the next day, around 308 of the customers will
buy life plan.