SCENARIO 14-3 Is a Measure of the Probability That Can

question 23

Short Answer

SCENARIO 14-3
is a measure of the probability that can
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 14-3, what is the lowest rate of switching into the bundled offering?

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Definitions:

Null Hypothesis

An alternative definition: The presumption used in statistical testing that indicates no significant difference or effect in a given experiment or observation.

Proposed Change

A suggestion put forward for consideration by others to make alterations or modifications to an existing situation or document.

Alternative Hypothesis

In statistical hypothesis testing, a statement that contradicts the null hypothesis and indicates a new theory or finding is expected.

Heart Attack Incidence

The frequency or rate at which new cases of heart attacks occur in a specified population over a certain period of time.