Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

SECTION B: QUANTITATIVE QUESTIONS 1. There are 500 client records in the first sheet of the file Toy-Info which have shopped many special toys from

image text in transcribed
SECTION B: QUANTITATIVE QUESTIONS 1. There are 500 client records in the first sheet of the file Toy-Info which have shopped many special toys from an e-Business website. Each record includes data on types of product purchased (between 1-5), purchase amount ($), age, gender, marital status, whether the client has a membership and whether the customer has a discount card. A business analyst has applied the k-rneans clustering method on all seven variables. The analyst increased the number of clusters to recommend a proper value of k. The resultant tests for k=5 and k= shown in the following sheets of the file revealed the best It as IFS. a) Explain how the analyst found that k=6 is a proper number of clusters. Refer the relevant sheet name, table name and the values you compared. b) Describe all 6 clusters by their average characteristics

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

Elementary Statisitcs

Authors: Barry Monk

2nd edition

1259345297, 978-0077836351, 77836359, 978-1259295911, 1259295915, 978-1259292484, 1259292487, 978-1259345296

More Books

Students also viewed these Mathematics questions