Determine a freshman's likely first-year grade point average from the student's Scholastic Aptitude Test (SAT) score, high school grade point average, and number of extra-curricular activities. This is an example of
a. classification of a categorical outcome.
b. estimation of a continuous outcome.
c. prediction of a categorical outcome.
d. unsupervised learning.
b
RATIONALE: When we predict a freshman's first-year GPA from their SAT score, high school GPA, and number of extra-curricular activities we are using this information to estimate a continuous outcome.
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Rona Spiegle sold fruit baskets at a farmer's market. She purchased 35 wicker baskets for a total of $152.25, 185 yards of cellophane for $.07 per yard, and $172.50 of assorted fruit. a.What was Rona's cost per basket?b.What was Rona's profit if she sold all the baskets at $19.99 each?
What will be an ideal response?
Leocra, a clothing brand, extensively uses online communication platforms to market its products. The company engages with its target market using these platforms and regularly posts online surveys to better understand buying behavior. In this scenario, which of the following prospecting methods does Leocra use?
A. Social selling B. Transactional marketing C. Hard selling D. Guerilla marketing E. Cold calling
Avon is successful at giving customers alternatives to traditional store outlets. Avon uses ________, which does NOT require a customer to visit a store
A) locational merchandising B) social shopping C) mass retailing D) nonstore retailing E) broad geographic exchange
"________" include all of the groups and/or individuals affected by a decision, policy, or operation of a firm or individual.
A. Shareholders B. Owners C. Stakeholders D. Employees