SCENARIO 17-5 The Output Below Shows the Results of the Neural Network

question 30

Short Answer

SCENARIO 17-5
The output below shows the results of the neural network 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 date set of 100 customers collected from a survey.

Business Analytics 17-19
-Referring to Scenario 17-5,the misclassification rate of 0.2058824 in the validation data set means that how many customers in the validation data are incorrectly classified?

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Definitions:

Cost of Goods Sold

Cost of Goods Sold (COGS) is the direct costs attributable to the production of the goods sold by a company, including the cost of the materials and labor directly used to create the good.

Accounts Receivable

Outstanding amounts due to a firm from customers for goods or services already delivered.

Cost of Goods Sold

Costs directly associated with the manufacturing of products that a business sells.

Collection Period

The standard timeframe for a corporation to collect receivables from its clientele.