Data Assignment | Homework For You

Question 1.  We are given data that has been aggregated over a few years of MBA admission records of a university. The program is designed to run for two years. The passing grade in the program is a B, which has a numeric score of 3.0. Students with a GPA of less than 3.0 at the end of two years cannot graduate even if they complete their coursework. Therefore students with a GPA of less than 3.0 at the end of the first are put on probation.
In this data set, we have the undergraduate GPA and several test scores at the time of admission, and the GPA of the students at the end year1. Our goal is to build a model to predicts students who will be on probation at the end of year1. The MAB Office thinks that such a model would provide an early warning signal so that such students are followed up closely and advised.Homework For You
This model can be attempted in several different ways. You are asked to turn in one model. Briefly outline why and how you ended up with this model. Provide a discussion of its predictive performance with a detailed discussion of the way you define and evalute performance in this case.
Suppose your model is used to issue early warnings signals so that such students receive close monitoring and support. What could be anticipated consequences??

Save Time On Research and Writing
Hire a Pro to Write You a 100% Plagiarism-Free Paper.
Get My Paper

Question 2.  Consider the car insurance problem from the perspective of a car owner in Turkey and only within the scope of accident risk. Damages due to earthquakes, floods, etc are not part of the discussion for simplification purposes. There are mainly two types of insurance policies that cover accident damages: Liability insurance which is mandatory and collision damage insurance which is optional. Liability insurance would cover the damges that you are libale for. In other words, If a driver is involved in an accident and is at fault, the insurance would cover the damages suffered by other parties but not the driver’s own daamge. In this case, If the driver has collision damage insurance, damages to self woulr be covered too.

a)    Formulate a particular car owner’s collision damage insurance purchase decision by using a decision tree. Populate your tree with realistic monetary outcomes by assuming a particular car. The book value of a car and its insurance cost canbe obtained usingg online brokerage sites. You will have to model/ estiamte accident probabilities and costs.
b)    Solve teh descision tree using EMV criterion. Is the collision damage insurance purchase decision justified?
c)    Consider an alternative policy with deductible amount of %5 of the car’s value and with an insurance Premium of %40 of the one you used aove. With such a dedctible policy, a car owner would pay for damages up to %5 of the car’s value Ä°f an accident happens and insurance would cover the rest. How does thic compare to the policy above fort he particular case you studied above? In general, a policy with a dedutible would appeal to what kind of customers?
d)    Would building a simulation model have any advantages over a decision tree model for this decision problem? You do not need to build a simulation model. Abrief discussion is sufficient. Get Statistics homework help today

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Homework Writing Services
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Education
excellent
Customer 463813, March 10th, 2023
Business and administrative studies
This was by far one of the best that I have received!
Customer 453375, April 22nd, 2022
IT
Excellent.
Customer 452441, April 6th, 2022
Business Studies
Great
Customer 453413, February 27th, 2020
Military
excellent job
Customer 456821, August 3rd, 2022
Military
Good work.
Customer 456821, May 18th, 2022
Business and administrative studies
As I expected.
Customer 460551, December 15th, 2021
Social Work and Human Services
Thank you
Customer 463783, January 28th, 2023
Human Resources Management (HRM)
Adequate.
Customer 462499, May 21st, 2022
Retail
Excellent work! This submission was informative and well-structured. We look forward to your future contributions.
Customer 452441, August 16th, 2022
Home Repair & Home Maintenance
Great work
Customer 452441, April 21st, 2022
Military
Satisfactory work.
Customer 456821, April 14th, 2022
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat