Likelihood

Tobee

New Member
#1
I called 100 prospective clients at the beginning of the year; 30 said they may give me orders (type "O") and 70 said they would probably not give me orders (type "N"). Now, 6 months later, I see that I received orders from 20 of the 30 which said they may give me orders and I received orders from 20 of the 70 which said they would probably not give me orders.

Correct to calculate that if prospect is of type "O", then I have a 20/30 = 67% chance of getting an order and if prospect is of type "N", then I have a 20/70 = 28% chance of getting an order?

If so, then how can I accurately calculate how much more "likely" I am to receive an order from a prospect who says they may give me an order versus one who says they probably would not give me an order?

Thanks! ;)