Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Q3. The online education company Statistics.com segments its customers and prospects into three main categories: IT professionals (IT), statisticians (Stat), and other (Other). It also

Q3. The online education company Statistics.com segments its customers and prospects into three main categories: IT professionals (IT), statisticians (Stat), and other (Other). It also tracks, for each customer, the number of years since first contact (years). Consider the following customers; information about whether they have taken a course or not (the outcome to be predicted) is included:

Customer 1: Stat, 1 year, did not take course

Customer 2: Other, 1.1 year, took course

Course_Customer No course_Customer

Customer 1: Stat, 1 year, did not take course 1 1

Customer 2: Other, 1.1 year, took course 1 1

Prospect 1: IT, 1 year 0 0

Course_Customer_ No Course_Customer_ Prospect

3 Dummy Variables:

Customer 1: Stat, 1 year, did not take course 1 1 0

Customer 2: Other, 1.1 year, took course 1 1 0

Prospect 1: IT, 1 year 0 0 1

Question: For each derived dataset, calculate the Euclidean distance between the prospect and each of the other two customers. (Note: While it is typical to normalize data for k-NN, this is not an iron-clad rule and you may proceed here without normalization.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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 Markets and Institutions

Authors: Jeff Madura

12th edition

9781337515535, 1337099740, 1337515531, 978-1337099745

More Books

Students also viewed these Finance questions