Question: Suppose that this process has an adjustable threshold (cutoff) mechanism by which you can alter the proportion of records classified as fraudulent. Describe how moving

Suppose that this process has an adjustable threshold (cutoff) mechanism by which you can alter the proportion of records classified as fraudulent. Describe how moving the threshold up or down would affect the following:

a. The classification error rate for records that are truly fraudulent.

b. The classification error rate for records that are truly non-fraudulent.

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