Which of the Following Possible Response Variables Is Most Appropriate

question 60

Multiple Choice

Which of the following possible response variables is most appropriate to predict using a classification tree?

• A) annual product demand
• B) weekly natural gas consumption
• C) grade point average
• D) annual amount charged (in $) by a credit card holder
• E) whether or not a discount club member will renew their membership

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Definitions:

Yard Sale

An informal sale typically held outdoors by private individuals to sell personal items, such as clothing, household goods, and toys, often at low prices.

Firm Offer

An offer in contract law that remains irrevocable for a certain period of time or until a specified date.

Time Period

A specific duration or span of time within which certain actions are taken or conditions apply.

Goods-in-bailment

A legal term referring to the process where personal property is transferred temporarily into the care of another, known as the bailee.