The following results from the Application Case Study presented in the text show means for selection of movies (Selection Distribution) and how they were rated (Prediction Distribution) . Refer to this table to answer the following questions.
Hierarchical Bayes Sample Selection Model for Movie Ratings Predictions
-Which type of movie is rated the highest?
Definitions:
General Factory
A term referring to the overall manufacturing facilities and operations of a company, encompassing all production activities.
Activity Cost Pool
A grouping of individual costs based on the activities that drive those costs, used in activity-based costing.
Direct Labor Rate
The cost per hour for labor directly involved in manufacturing a product or providing a service.
Direct Materials Cost
The cost of raw materials that are directly used in the manufacture of a product and are easily traceable to it.
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