Which of the Following Possible Response Variables Is Most Appropriate

question 6

Multiple Choice

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

• A) whether or not a passport holder will travel abroad in the next year.
• B) color of carpet a new-home buyer will select.
• C) which admitted students will attend a university.
• D) monthly sales of used cars.

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Definitions:

Customer Specifications

Detailed requirements and criteria provided by a customer regarding the desired features and standards of a product or service.

Variety of Products

An assortment or range of different items or merchandise that a company offers to meet diverse customer needs and preferences.

Operations Management

The administration of business practices aimed at ensuring maximum efficiency within a company, focusing on managing processes that transform inputs into outputs.

Executive Compensation

The total of all benefits, perks, and salary provided to top-level management and company executives, reflecting their role and responsibilities.