Question
MARKET BASKET ANALYSIS 1,000 Transaction Mask 270 Tank 200 Fin 280 Weight 130 Dive Computer 120 Mask 20 20 150 20 50 Tank 20 80
MARKET BASKET ANALYSIS
1,000 Transaction | Mask 270 | Tank 200 | Fin 280 | Weight 130 | Dive Computer 120 | |
Mask | 20 | 20 | 150 | 20 | 50 | |
Tank | 20 | 80 | 40 | 30 | 30 | |
Fin | 150 | 40 | 10 | 60 | 20 | |
Weights | 20 | 30 | 60 | 10 | 10 | |
Dive Computer | 50 | 30 | 20 | 10 | 5 | |
No Additional Prooduct | 10 | - | - | - | 5 | |
Support = P (A&B) Example: P (Fins & Mask) = 150/1000 = .15
Confidence = P (A | B) Example: P (Fins | Mask) = 150/270 = .55556
Lift = P (A | B) / P (A) Example: P (Fins | Mask) /P (Fins) = .55556/.28 = 1.98
Note: P (Mask |Fins) / P (Mask) = 150/280/.27=1.98
1. This is the dive shop that has 1,000 transactions. Input your answer as a decimal to 2 places, example: 0.10
What is the probability that someone will buy a tank?
2. What is the support for buying a tank and fins?
3. What is the support for buying two tanks?
4. What is the confidence for fins, given that a tank has been purchased?
5.What is the confidence for a second tank, given that a tank has been purchased
6. What is the lift for fins, given that a tank has been purchased?
7. What does your answer for question #6 (lift for fins) imply about purchasing these items together?
A. When customer buys a tank, the probability of buying fins as well goes down.
B. When customer buys a tank, the probability of buying fins as well goes up.
C. Something else.
D. Nothing can be implied.
8. What is the lift for a second tank, given that a tank has been purchased?
9. What does your answer for question #8 (lift for second tank) imply about purchasing these items together?
A. When a customer buys a tank, the probability of buying a second tank goes down.
B. When a customer buys a tank, the probability of buying a second tank goes up.
C. Something else.
D. Nothing can be implied.
10.Calculate the Euclidean distance between the points (2,5) and (8,4). Enter your answer as a decimal to two places.
11. Calculate the Euclidean distancebetween the points (2,-1,3) and (8,15,-5).Enter your answer as a decimal to two places.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started