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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 first split occurs at what price?
Notes Receivable
Claims against debtors documented through promissory notes that promise future payment of money.
Note Receivable
A written promise for the payment of a specified amount of money, with interest, by a set date or on demand to the holder of the note.
Interest
The charge for borrowing money, calculated as a percentage of the amount borrowed, or the return earned on invested funds.
Notes Receivable
Financial assets representing rights to receive payments of principal and interest from debtors under terms specified in promissory notes.
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