Question: Bentley is developing a classification model to predict whether a customer will default on a loan or not. The majority of customers do not default.

Bentley is developing a classification model to predict whether a customer will default on a loan or not. The majority of customers do not default. Only

5 %

of customers in his dataset default. Bentley's classification model achieves

93 %

accuracy. Based on the high value of accuracy, he can confidently conclude that his model is effective in loan default prediction.

True

False

Bentley is developing a classification model to

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