Question: Consider Model 3 , which predicts a continuous score: Actual Model 3 0 . 6 0 . 8 1 0 . 9 8 1 0
Consider Model which predicts a continuous score:
Actual Model
For Model compute sensitivity specificity, precision, and accuracy for two thresholds: and
Hint: For each of the thresholds, compare with the Model predicted scores and identify s and s Use the standard convention where a score greater than or equal to the threshold is predicted as positive and a score less than the threshold is predicted as a negative
Assume the following benefits and costs:
The benefit of identifying a True Positive:
The benefit of identifying a True Negatives:
The cost of a False Positive:
The cost of a False Negative:
Answer the following questions.
What is the net benefit of running Model at a threshold of and respectively?
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