Experiencing MIS
8th Edition
ISBN: 9780134792736
Author: KROENKE
Publisher: PEARSON
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Chapter 3, Problem 5CE
Explanation of Solution
Negative margin:
- The negative margin in the Business Process means the cost of the activity is greater than the value that the activity produces...
Explanation of Solution
Justification:
- Value chains are supported by one or more Business Processes.
- If the margin of some of those processes is negative $1 mil, cutting costs of $1...
Explanation of Solution
...
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Students have asked these similar questions
Suppose you want to predict the
churn rate. Consider the two models
M1 and M2. Based on the confusion
matrix, M1 has an accuracy of 75%
and cost of 4017. Meanwhile, M2 has
an accuracy of 80% and cost of 5236.
Which is the better model and why? *
It depends on the business case which
errors the stakeholders want to minimize
and which predictions they want to
maximize.
M1 is the better model because it has a
lower cost meaning the errors are
minimized and the accuracy shows that the
model was able to capture customers that
will not churn.
M2 is the better model because it has a
O higher accuracy so the model was able to
capture all churn customers.
None because you need to use ROC
O (receiver operating characteristic) to better
evaluate the two models.
What is an algorithmic cost model? When compared to other cost estimating methods, what drawbacks does it have?
Thank you for the information what if the cost function had a second term added to the function.
What would be the derivative of the function from the new picture?
Chapter 3 Solutions
Experiencing MIS
Ch. 3.6 - Prob. 1SWCh. 3.6 - Prob. 2SWCh. 3.6 - Prob. 3SWCh. 3.6 - Prob. 4SWCh. 3 - Prob. 1EGDQCh. 3 - Prob. 2EGDQCh. 3 - Prob. 3EGDQCh. 3 - Prob. 4EGDQCh. 3 - Prob. 1ARQCh. 3 - Prob. 2ARQ
Ch. 3 - Prob. 3ARQCh. 3 - Prob. 4ARQCh. 3 - Prob. 5ARQCh. 3 - Prob. 6ARQCh. 3 - Prob. 1UYKCh. 3 - Prob. 2UYKCh. 3 - Prob. 3UYKCh. 3 - Prob. 4CECh. 3 - Prob. 5CECh. 3 - Prob. 6CECh. 3 - Prob. 7CECh. 3 - Prob. 8CSCh. 3 - Prob. 9CSCh. 3 - Prob. 10CSCh. 3 - Prob. 11CSCh. 3 - Prob. 12CSCh. 3 - Prob. 13CSCh. 3 - Prob. 14CSCh. 3 - Prob. 15CSCh. 3 - Prob. 16CSCh. 3 - Prob. 17MLMCh. 3 - Prob. 18MLM
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