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Exhibit 10.1
The following questions are based on the problem description and the output below.
A college admissions officer wants to evaluate graduate school applicants based on their GMAT scores, verbal and quantitative. Students are classified as either successful or not-successful in their graduate studies. The officer has data on 20 current students, ten of whom are doing very well (Group 1) and ten who are not (Group 2) .
-Refer to Exhibit 10.1. What percentage of the observations is classified incorrectly?
Non-Use
Non-Use pertains to the failure to utilize something, such as a trademark, which can affect legal rights or status.
Willfully Infringed
The act of intentionally violating another's rights or property, especially in the context of intellectual property law.
Copyright
A form of intellectual property protection granted to the creators of original works of authorship, including literary, dramatic, musical, and certain other intellectual works.
Punitive Damages
Monetary compensation awarded in lawsuits, over and above actual damages, intended to punish the defendant for egregious conduct and deter future similar acts.
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