Question: Develop a good classification model for predicting loan approval, based solely on cluster membership. Apply data-driven misclassification costs as shown in Chapter 16. Compare your

Develop a good classification model for predicting loan approval, based solely on cluster membership. Apply data-driven misclassification costs as shown in Chapter 16. Compare your results for the k = 3 and k = 4 cases using overall model cost. Which model is preferred?

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