Question: Consider a binary classification problem with the following loss matrix - True class12Decision102 240 where the cost of rejection is a constant. Determine the prediction

Consider a binary classification problem with the following loss matrix - True class12Decision102 240 where the cost of rejection is a constant. Determine the prediction that minimizes the expected loss in different ranges of (1|) for the following three cases: c = 0 c = 2 c = 1

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