Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Suppose that an appliance manufacturer is pre-testing a new make of fridge on atest market of 10 respondents. Each of the respondent is asked to

Suppose that an appliance manufacturer is pre-testing a new make of fridge on atest market of 10 respondents. Each of the respondent is asked to rate the newfridge on three attributes: durability (X1), performance (X2), and style (X3), all ona 1 (terrible) to 10 (superb) scale. In addition, each respondent is asked whetheror not they would buy the fridge if it appeared on the market. The followingmodel estimates a linear discriminant model using X1 and X3. Which one of the following is the discriminant function?

image text in transcribedimage text in transcribed
> x1x3=1da (Decision~X1+X3 , data=hairexample) > x1x3 Call : 1da (Decision ~ X1 + X3, data = hairexample) Prior probabilities of groups: 0 1 0. 5 0.5 Group means : X1 X3 0 3.2 3.8 1 7.4 4.0\f

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_2

Step: 3

blur-text-image_3

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

An Introduction to the Mathematics of financial Derivatives

Authors: Salih N. Neftci

2nd Edition

978-0125153928, 9780080478647, 125153929, 978-0123846822

More Books

Students also viewed these Mathematics questions