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

question 54

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,how many cities were used in generating the regression tree?

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Definitions:

Family Leave

Authorized absence from work granted to employees for family-related matters, such as childbirth or illness, often protected by law.

Foster Child

A child placed by a government agency or a court in the care of someone other than their biological parents.

Vicarious Liability

A legal principle wherein one party is held liable for the actions of another party, often used in employer-employee relationships.

Legal Responsibility

The obligation to act in accordance with the law and be accountable for one's actions in a legal context.