SCENARIO 17-4 The Regression Tree Below Was Obtained for Predicting the Weekend

question 48

Short Answer

SCENARIO 17-4
The regression tree below was obtained for predicting the weekend box office revenue of a newly released movie (in thousands of dollars)based on data collected in different cities on the expenditure (at $25,$30,$35,$40,$45,$50,$55,$60,$65 or $70 thousand)spent on TV advertising and the number of times (10,15,20,25,30 or 35)a day the advertisement appear on TV.

-Referring to Scenario 17-4,what percentage of the variation in weekend box office revenue can be explained by the amount spent on TV advertising and the number of times a day the advertisement appear on TV?

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Definitions:

Unique Value

The distinct benefit or advantage that something offers, setting it apart from alternatives.

Interview Process

A structured interaction between a job applicant and an employer aimed at assessing the applicant's suitability for a position.

Warm-up

Activities or exercises performed before the main activity to prepare physically or mentally, often used in sports or public speaking.

Confident

Feeling or showing certainty about one's abilities, qualities, or ideas.