The Following Questions Are Based on the Problem Description, Spreadsheet

question 52

Multiple Choice

The following questions are based on the problem description, spreadsheet, and the Risk Solver 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 (Group 1) , marginally successful (Group 2) or not-successful (Group 3) in their graduate studies. The officer has data on 20 current students, 7 successful (Group 1) , 6 marginally successful (Group 2) and 7 not successful (Group 3) .

-Refer to Exhibit 10.2. Based on the RSP output, what percentage of observations is classified incorrectly?

• A)5%
• B)15%
• C)95%
• D)90%

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Definitions:

Contactor Unit

An electromechanical switch used for switching an electrical power circuit, similar to a relay but with higher capacity.

Switch Contacts

The conductive parts of a switch that come together or separate to make or break an electrical circuit.

Mechanical Linkage

A system of interconnected levers or gears which transmits and modifies motion in machinery.

Power Failure

A condition where the electrical power supply to a device, system, or area is interrupted or lost.