Question: Decision Matrix - Fraud Investigation Model Target variable: 1 = fraud; 0 = not fraud Predicted Class (or Model's Decision) 0 1 (not fraud) (fraud)

Decision Matrix - Fraud Investigation Model

Decision Matrix - Fraud Investigation Model Target variable: 1 = fraud; 0 = not fraud Predicted Class (or Model's Decision) 0 1 (not fraud) (fraud) Actual Class 0 500 (or Actual outcome) 100 1 200 400 Select one correct answer to fill in the blank below. If the average loss is $100 per undetected fraud transaction, using this model, the bank is likely to lose $ 40,000 50,000 20,000 10,000

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