Question 12 What is the predicted probability of retention for an online banker in region 12 who generated $100 of profit for the bank last year ? (write in 4 decimals, such as 0.2351) Question 13 What is the predicted probability of retention for an otherwise identical banker who does not use online banking? (write in 4 decimals, such as 0.2351) Question 14 What is the difference in predicted probabilities of retention between the online banker and the offline banker ? (write in 4 decimals, such as 0.2351)
Permutations and Combinations
If there are 5 dishes, they can be relished in any order at a time. In permutation, it should be in a particular order. In combination, the order does not matter. Take 3 letters a, b, and c. The possible ways of pairing any two letters are ab, bc, ac, ba, cb and ca. It is in a particular order. So, this can be called the permutation of a, b, and c. But if the order does not matter then ab is the same as ba. Similarly, bc is the same as cb and ac is the same as ca. Here the list has ab, bc, and ac alone. This can be called the combination of a, b, and c.
Counting Theory
The fundamental counting principle is a rule that is used to count the total number of possible outcomes in a given situation.
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