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Exhibit 10.2
The following questions are based on the problem description and the output 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. What percentage of observations is classified correctly?
College Students
Individuals enrolled in a college or university program aimed at achieving a degree or certification.
Intuiting
involves understanding or knowing something without conscious reasoning, using instinctive feeling rather than factual analysis.
Dreams Nature
Pertains to the inherent characteristics, meanings, or functions of dreams, often analyzed in psychological or neuroscientific contexts.
Prospective
Relating to or effective in the future; likely to happen or to be concerned with what is to come.
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