Concept Class $C _ { 1 }$ Shows the Following Information for the Categorical Attribute Risk Factor

question 12

Multiple Choice

Concept class $C _ { 1 }$ shows the following information for the categorical attribute Risk Factor. Use this information to answer questions 9 and 10.

$\begin{array} { l l c }\underline{ \text { Attribute Name }} &\underline{ \text { Value }} &\underline{ \text { Frequency }} \\ \text { Risk factor } & \text { High Risk } & 25 \\ & \text { Medium Risk } & 10 \\ & \text { Low Risk } & 5 \end{array}$
-What is the predictability score for the attribute value medium risk?

• A) 0.10
• B) 0.20
• C) 0.25
• D) 0.50

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Definitions:

Marginal Revenue Product

The additional revenue generated from employing one more unit of a factor, such as labor or capital.

Marginal Revenue Product

The extra income produced by using an additional unit of a resource or input in the production process.

Wage Rate

The fixed amount of compensation or payment a worker receives from an employer in exchange for labor, typically measured per hour or piece of work done.

Diminishing Marginal Product

The decrease in the output of an additional unit of input when all other inputs are held constant beyond a certain point.