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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 highest probability of switching is predicted to occur among customers who watch more than 5 hours of TV a day and are offered the bundled price of higher than $50.
Empowerment Approach
A strategy for enhancing the capacity of individuals or groups to make choices and transform those choices into desired actions and outcomes.
Theory Y
A management concept which assumes employees are self-motivated, enjoy work, and work to better themselves without direct supervision.
Theory X
A management theory assuming that employees are naturally lazy, need to be closely supervised, and require strict control to be motivated.
Effective Leaders
Individuals who successfully inspire, influence, and guide others towards achieving shared goals through their vision, communication, and integrity.
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