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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, the first split occurs at what price?
Poor People
Individuals or populations that live with insufficient material possessions or income to meet the minimum standard of living in their society.
Economic Conditions
The state of the economy at a certain time, including factors such as unemployment rates, inflation levels, and gross domestic product, which influence living standards and financial stability.
Job Loss
Job loss refers to the situation where an individual's employment is terminated or lost, which can have significant psychological and financial impacts.
Mental Disabilities
A range of conditions that affect mood, thinking, and behavior, which may impact day-to-day functioning and social interaction.
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