Provide calculations to show that the maximum profit

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Reference no: EM131089655

You can see them they are located at the end of the article in red 1-6. i have already done 4.

Provide calculations to show that the Maximum profit based on the training data is $2.548 Million Provide calculations to show that the profit based on the training data is $0.154 Million, if 100,000 packages are mailed randomly to members. Build the Best Decision tree Model using JMP (Go option) on the following conditions,

Y = Success

X = All predictors

Cutoff Probability for mailing = 0.15

1. Interpret the decision tree?
2. Interpret R²and how many splits did you have in the model?
3. Examine each of the split variables to explain whether they make business sense?
4. Create the confusion matrix for the testing data set. (cutoff Prob. = 0.15)
5. What is the expected profit based on the confusion matrix.

5.Build your own best models to predict who will buy "Celebrating American Arts" party ware using Logistic regression and Decision Tree.
6. Find the estimated profit based on best models. Use the Profit Calculator - Excel Sheet to calculate profit.

Reference no: EM131089655

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