The Following Questions Are Based on the Problem Description, Spreadsheet

question 21

Multiple Choice

The following questions are based on the problem description, spreadsheet, and the Risk Solver Platform (RSP) Discriminant Analysis report 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 (Group 1) , marginally successful (Group 2) or not-successful (Group 3) in their graduate studies. The officer has data on 20 current students, 7 successful (Group 1) , 6 marginally successful (Group 2) and 7 not successful (Group 3) .

-Refer to Exhibit 10.2. Based on the RSP output, what percentage of observations is classified correctly?

• A)100%
• B)85.71%
• C)95%
• D)90%

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Definitions:

Brainstorming

A creative group activity aimed at generating a wide range of ideas or solutions to a particular problem.

Obvious Features

Characteristics or attributes of a product, service, or situation that are readily apparent or easy to identify.

Feelings And Values

Emotions and principles that are important to an individual, guiding their behavior and decision-making processes.

Abraham Maslow

A renowned American psychologist famous for developing the hierarchy of needs concept, which is a theory that suggests psychological well-being is dependent on meeting basic human needs.