A hotel booking website has a conversion funnel in which peo…
A hotel booking website has a conversion funnel in which people start on the rates and availability page, continue to the review itinerary page, proceed to the guest info page, and end on the confirmation page. Reaching the confirmation page means that the customer has completed their booking. Below are the number of visitors who reached each page last month: Rates and Availability: 4,123,441Review Itinerary: 579,358Guest Info: 249,015Confirmation: 77,459 Total number of room nights booked: 301,960Total revenue generated: $101,626,078 Calculate the overall conversion rate. Assume all sessions started on the rates and availability page.