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

question 39

True/False

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,the first split occurs at $45 thousand spent on TV advertising.

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Heterogeneous Group

A diverse collection of individuals with varying characteristics, backgrounds, and skills coming together for a common purpose.

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