The manager of a market can hire either Mary or Alice. Mary, who gives you service at an exponential rate 20 customers per hour, can be hired at a rate of $3 per hour. Alice, who gives service at an exponential rate of 30 customers per hour, can hired at a rate of $C per hour. The manager estimates that, on the average, each customer’s time is worth $1 per hour and should be accounted for in the model. Assume customers arrive at a Poisson rate of 10 per hour. a)  What is the average cost per hour if Mary is hired? If Alice is hired? b)  Find C if the average cost per hour is the same for Mary and Alice.

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Decision Tree

A decision tree is a unique kind of probability tree. A popular and powerful tool used for prediction and classification. The decision tree structure is the same as a flowchart with a tree structure. The internal node refers to the attribute test, the branch refers to the outcome of the test, and the leaf node(terminal) contains the class label.