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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. Based on the analysis presented in the spreadsheet, what percentage of the observations were correctly classified?
Exchange
The act of giving one thing and receiving another in return, especially in terms of goods, services, or monetary currency.
Environmental Force
External factors such as social, economic, technological, competitive, and regulatory conditions that affect an organization's operations and decisions.
Exchange
The act of giving one thing and receiving another in return, especially in context to goods, services, or money.
Environmental Force
External factors such as climate, natural resources, and ecological conditions that can affect an organization's operations and strategies.
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