The Following Questions Are Based on the Problem Description, Regression

question 36

Multiple Choice

The following questions are based on the problem description, regression results, and the RiskSolver Platform (RSP) Discriminant Analysis report below.
A college admissions officer wants to evaluate graduate school applicants based on their GMAT scores, verbal and quantitative. Students are classified as either successful or not-successful in their graduate studies. The officer has data on 20 current students, ten of whom are doing very well (Group 1) and ten who are not (Group 2) .

-Refer to Exhibit 10.1. What formula is entered in cell E26 of the spreadsheet to determine the Cut-off Value, assuming that the admissions officer wants to minimize the probability of overlap between the groups?

• A)=E24+E25/2
• B)=(E24+E25)/2
• C)=AVERAGE(E4:E13)
• D)=AVERAGE(E14:E23)

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Definitions:

Written Message

Communication conveyed through the use of written words or text.

Tempo

The speed at which a piece of music is played or the pace/rhythm of an activity.

Loudness

The perceived intensity or volume of a sound, affecting how loud or soft it is heard.

Sales Presentation

A structured speech or pitch designed to persuade an audience to purchase a product or service, featuring benefits, demonstrations, and compelling arguments.