Question: For each problem, please provide detail solution and written answers in a separate Excel tab. Your model must be stored in different tab to get
For each problem, please provide detail solution and written answers in a separate Excel tab. Your model must be stored in different tab to get full credit: The Royalty Gold Corporation prospects for undiscovered gold deposits around the world. The company is currently investigating a possible site on the island of Milos off the coast of Greece in the Mediterranean. When prospecting, the company drills to collect soil and rock samples and then analyzes the chemical properties of the samples to help determine whether or not the site is likely to contain significant gold deposits. Gold is made up of various elements including calavarite, sylvanite, and petzite. Sites with higher concentrations of these elements are more likely to contain significant gold deposits. The company has collected the data found in D2L representing the average levels of calavarite, sylvanite, and petzite in samples collected from previous various sites examined in previous prospecting expeditions. These data are grouped according to whether or not significant gold deposits were found at the location (1=significant, 2=insignificant). A. What are the coordinates of the centroids for the significant sites and the insignificant sites?
B. Use Analytic Solvers standard data partition command to partition the data into a training set (with 60% of the observations) and validation set (with 40% of the observations) using the default seed of 12345.
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