students drop out after the first semester of their studies or even before they enter the study program as well as identifying success-factors specific to the EE program. Our experimental results show that rather simple and intuitive classifiers (decision trees) give a useful result with accuracies between 75 and 80%. Besides‚ we demonstrate the usefulness of cost-sensitive learning and thorough analysis of misclassifications‚ and show a few ways of further prediction improvement without having to
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The choice settings in which economists most frequently apply game theory‚ however‚ are small number settings in which individual decisions and welfare are interdependent. In such settings‚ each person’s welfare depends‚ in part‚ on the decisions of other individuals "in the game." i. In Cournot duopoly‚ each firm’s profits depend upon its own output decision and that of the other firm in the market. ii. In a setting where pure public goods are consumed‚ one’s own consumption of the public
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Freemark Abbey Winery Group ZZZ 1. Construct the decision tree for William Jaeger. 2. What should he do? Jaeger should choose to harvest later and wait for the storm. If the storm does come but destroys the grapes‚ he can decide whether to bottle wine or not to protect winery’s reputation. In either way‚ he will gain higher revenues from harvesting later than harvesting immediately: EV of “Do not harvest & Bottling”: $39240 EV of “Do not harvest & Not bottling”: $39240-$12000*0.6*0.5=$35640
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Based on the E(PW)‚ is the new design preferable to the current unit? Based on a decision tree analysis‚ what is the EVPI? What does the EVPI tell you? Without information‚ the optimal decision is to take the new design‚ shown by the decision tree below |scenarios |Year 0 cost |Year 1 Saving |Year2 Saving | | |Results (j) |p(j) |Decision |Outcome | | |Optimistic |0.30
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and the subsequent marketing‚ distribution‚ and sales of new drugs. This task is better suited for a larger company‚ such as Merck‚ which has more resources and money. 2. Build a decision-tree that shows the cash flows and probabilities at all stages of the FDA approval process. Since the EMV of the decision tree is positive‚ Merck should license Davanrik. From consolidated income statement‚ we could calculate the retained earnings as a percentage of income before taxes. Retained earnings
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MMS I 5 Site Selection: Where to Locate • Infrequent but important • Location criteria for manufacturing facility • being “in the right place at the right time” • Must consider other factors‚ especially financial considerations • Location decisions made more often for service operations than manufacturing facilities • Location criteria for service • access to customers Prof N. Balasubramanian • nature of labor force • labor costs • proximity to suppliers and markets • distribution and transportation
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MKT B370 (Specimen) SUGGESTED SOLUTION SECTION A Question 1 (a) Students are expected to provide a short discussion including the following content. If too little inventory is maintained‚ there is a risk of stockout and potential lost sales. In addition‚ if there is not sufficient work-in process inventory‚ the production process may become too inefficient‚ raising the cost of production. On the other hand‚ if too much inventory is maintained‚ the carrying cost may become excessively
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Dear Mr. Jaeger‚ (Word Count – 238) Re: The decision to harvest now or wait After a through analysis‚ my view is that the best course of action is to wait to harvest. While making this decision‚ I have taken into account some of the probabilities that you have considered. If you were to harvest now‚ the total outcome from the sale would be $34‚200. If you wait‚ there is 50 % chance of rain. If it rains and botrytis mold is developed‚ the outcome will be $67‚200. This better product may improve
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Case Study 1: Tree Values Within this case‚ forest landowner Joe Smith was given an offer to sell some of his timber. Within his forest he has a variety of trees‚ according to Karen Benet only a select few of his trees are worth selling. The central problems Mr. Smith faces are how many of his trees he should sell‚ and when he should sell them. According to Ms. Bennett‚ Mr. Smith has 300 trees per acre‚ but only 60 crop trees per acre‚ out of 40 acres. Out of these 60 crop trees‚ 30 are 12”
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Assignment 1 - Problem-3 –Chapter-1 of Discovering Knowledge in Data For each of the following meetings explain which phase in CRISP-DM process is represented: a. Managers want to know by next week whether deployment will take place. Therefore analysts meet to discuss how useful and accurate their model is. This is the Evaluation phase in the CRISP-DM process. In the evaluation phase the data mining analysts determine if the model and technique used meets business objectives established in
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