Question: Already did Requirement 1, just need help with Requirement 2 Lunar TV sells TV sets. It does not sell smart TVs so customers do not

Already did Requirement 1, just need help with Requirement 2

Already did Requirement 1, just need help with Requirement 2 Lunar TVsells TV sets. It does not sell smart TVs so customers do

Lunar TV sells TV sets. It does not sell smart TVs so customers do not come to Lunar TV if they want to purchase smart TVs. (Click the icon to view the additional information.) To choose a cutoff probability, the team develops the confusion matrices below for two cutoff probabilities on a validation sample of 600 households comprising 180 buyers and 420 non-buyers of smart TVs. (Click the icon to view the confusion matrices.) Read the requirements. Requirement 1. Complete the confusion matrices for the validation set. Start by constructing a confusion matrix for the cutoff point 0.70 . Construct a confusion matrix for the cutoff point 0.30 . Requirement 2. A team of management accountants at Lunar TV estimates the payoffs from their actions. For every customer it targets, Lunar TV will spend $20 to market to that customer. For every smart TV it sells, Lunar TV makes a profit of $200 after taking into account the $20 it spends on that customer. Construct the payoff matrix and determine which cut off value Lunar TV should use. Start by constructing the payroll matrix. (Complete all answer boxes. Enter a 0 for any zero balances. Enter a spend or loss amount with a minus sign or parentheses.)

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