Examlex

Solved

SCENARIO 17-3 The Tree Diagram Below Shows the Results of the Classification

question 101

True/False

SCENARIO 17-3
The tree diagram below shows the results of the classification tree model that has been constructed to predict the probability of a cable company's customers who will switch ("Yes" or "No")into its bundled program offering based on the price ($30,$40,$50,$60)and whether the customer spends more than 5 hours a day watching TV ("Yes" or "No")using the data set of 100 customers collected from a survey.
SCENARIO 17-3 The tree diagram below shows the results of the classification tree model that has been constructed to predict the probability of a cable company's customers who will switch ( Yes  or  No )into its bundled program offering based on the price ($30,$40,$50,$60)and whether the customer spends more than 5 hours a day watching TV ( Yes  or  No )using the data set of 100 customers collected from a survey.      -Referring to Scenario 17-3,the highest probability of switching is predicted to occur among customers who do not watch more than 5 hours of TV a day and are offered the bundled price of higher than $50. SCENARIO 17-3 The tree diagram below shows the results of the classification tree model that has been constructed to predict the probability of a cable company's customers who will switch ( Yes  or  No )into its bundled program offering based on the price ($30,$40,$50,$60)and whether the customer spends more than 5 hours a day watching TV ( Yes  or  No )using the data set of 100 customers collected from a survey.      -Referring to Scenario 17-3,the highest probability of switching is predicted to occur among customers who do not watch more than 5 hours of TV a day and are offered the bundled price of higher than $50.
-Referring to Scenario 17-3,the highest probability of switching is predicted to occur among customers who do not watch more than 5 hours of TV a day and are offered the bundled price of higher than $50.


Definitions:

Accounting Information

Financial data and insights about the operations and financial position of a business, used by stakeholders to make decisions.

Employees

Individuals who work for a business or organization and receive compensation for their labor, either on a salary or hourly basis.

Financial Accounting Standards Board

The authoritative body that has the primary responsibility for developing accounting principles.

Accounting Principles

Guidelines and rules that govern the field of accounting, such as the Generally Accepted Accounting Principles (GAAP) in the United States.

Related Questions