Question: code class = asciimath > You run the fraud team at a major bank. You have implemented a new system that uses artificial intelligence (

code class="asciimath">You run the fraud team at a major bank. You have implemented a new system that uses artificial intelligence (AI) to identify transactions that might result from a scam. However, the AI is not perfect: The Al correctly flags 80% of scam transactions as scams (the true positive rate, or sensitivity). The AI correctly flags 99% of legitimate transactions as not being scams (the true negative rate, or specificity). You also know that 1 in 10,000 transactions relate to a scam. a80% to 99%, or increasing the true negative rate (specificity) from 99% to 99.9%? You do not need to make any mathematical calculations in answering this question (although you are welcome to if it helps.) Explain the intuition. [2 marks]
code class = "asciimath" > You run the fraud team

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