Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A musical instruments retailer has 10,000 point-of-sale transactions out of which 1500 sales included both items of electric guitars and guitar cases, and out of

A musical instruments retailer has 10,000 point-of-sale transactions out of which 1500 sales included both items of electric guitars and guitar cases, and out of which 750 had sales of new strings. The total number of transactions for strings is 3000. If the electric guitars are considered A, the guitar cases are considered B, and the strings are considered C, then the associate rule for these sales becomes: "If A and B are purchased, then C is also purchased."

  1. The confidence level of this rule is:
  2. 1.Calculate the expected confidence in musical retailer rule. Enter the number as a decimal.
  3. 2.Calculate the lift for this rule, given that the total transactions for C is 3000. Round to two decimals.



Step by Step Solution

3.45 Rating (152 Votes )

There are 3 Steps involved in it

Step: 1

To calculate the confidence level the Expected Confidence Level and the Lift for the association rul... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial and Managerial Accounting the basis for business decisions

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

16th edition

0077664078, 978-0077664077, 78111048, 978-0078111044

More Books

Students also viewed these Mathematics questions

Question

Name the following compounds.

Answered: 1 week ago