Exhibit 10.2 the Following Questions Are Based on the Problem Description and Description

question 75

Multiple Choice

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 incorrectly?

• A) 5%
• B) 15%
• C) 95%
• D) 90%

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Definitions:

Dial Soap

A brand of personal care products known for its antibacterial soap and body wash.

Comparative

Pertaining to or involving the comparison of two or more entities to identify similarities and differences.

Online Trading Service

Platforms or services that allow individuals to buy and sell securities or commodities over the internet.

Fidelity Investments

A multinational financial services corporation known for its wide range of investment and asset management services.