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

question 211

True/False

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 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 between $30 and $40.

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Definitions:

Enforceable Contract

A legally valid contract that can be upheld or imposed in a court of law.

Minor Worker

An individual under the legal age of adulthood who is employed; typically subject to specific regulations regarding work types, hours, and conditions.

Enforceable

Pertaining to a contract or legal obligation, this term indicates that the agreement is legally valid and can be upheld in a court of law.

Genuinely Agreed

Describes a situation where parties involved in an agreement or contract have a mutual understanding and acceptance of the terms without duress or deception.