Question: JUST NEED THE LAST PART I GOT THE FIRST TWO CORRECT BUT THE LAST PART : THE AVERAGE MISCLASSIFICATION COST I GOT IT WRONG WHAT

JUST NEED THE LAST PART I GOT THE FIRST TWO CORRECT BUT THE LAST PART : "THE AVERAGE MISCLASSIFICATION COST" I GOT IT WRONG WHAT IS THE CORRECT ANSWER THANK YOU

THE ANSWER IS NOT : Total Cost/Total Sample = $70 / (20 + 230 + 3 + 1017) = 0.055 for the average misclassification cost.

JUST NEED THE LAST PART I GOT THE FIRST TWO

A publisher plans to boost the sales of its most popular magazine by sending out promotional mails. We refer to a customer as a responder if he/she subscribes to the magazine for the next year after receiving a promotional mail Otherwise the customer is referred to as a nonresponder. Denote responder by C1 and non-responder by C2. The cost of promotional mail is $3 per customer. The cost of printing and delivering the magazine is $80 per year. With the promotion a customer pays $120 per year for the magazine. Compute the average misclassification costs using the confusion matrix below. Round you answers to 3 digits after the decimal point. Cost of classifying a responder as a non-responder is $ per customer Cost of classifying a non-responder as a responder is $ per customer. The average misclassification cost is $

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

JUST NEED THE LAST PART I GOT THE FIRST TWO CORRECT BUT THE LAST PART : "THE AVERAGE MISCLASSIFICATION COST" I GOT IT WRONG WHAT IS THE CORRECT ANSWER THANK YOU A publisher plans to boost the sales...

Given summary about this article the most important Humans inherit artificial intelligence biases Luca Vicente & Helena Matute * Artificial intelligence recommendations are sometimes erroneous and...

look into the transcription of the videos that we coded for the Dominance project and identify if there are any errors (grammar and spelling and etc): 1673015005057.mp4 Baseline 181 Baseline181 Hi,...

This text was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License without attribution as requested by the work's original creator or licensee. 1...

1). Prepare a cash budget for the quarter. 2).Prepare a projected balance sheet as of April 1. BLACKHEATH MANUFACTURING COMPANY PART 1 Mr. Blackheath had promoted Lee High to vice president of...

Black Manufacturing Company Revisited Part I Mr. Black had promoted Lee High to vice president of finance. Lee had practically been running the firm for several years during which time sales and...

Requirements: Prepare a Pro Forma Master Budget for the first quarter of the year, which should include a sales budget, production budget, raw materials budget, direct labor production, MOH budget,...

BLACKHEATH MANUFACTURING COMPANY_REVISITED PARTI r. Blackheath had promoted Lee High to vice president of finance. Lee had practically been running the firm for several years during which time sales...

Blackheath Manufacturing Company MBA Case Hint: You would be well served to develop this in Excel. Be sure you lay it out in a readable, understandable presentation. Trafalgar was perplexed by the...

Please read the question Question: Choose another different one of the teaching strategies from the article that you read 1. What is the teacher is trying to accomplish by using this technique? (That...

Consider a project composed of several interrelated activities as in the figure grid and which uses two distinct resources (Ra & Rb).It is asked to determine: a) the start/ end dates at the earliest...

Which of these are members of the span [{cos2 x, sin2 x}] in the vector space of real-valued functions of one real variable? (a) f(x) = 1 (b) f(x) = 3 + x2 (c) f(x) = sin x (d) f(x) = cos(2x)

- . ( 1 4 \ % ) Badger Inc. factors \ ( \ $ 9 0 0 , 0 0 0 \ ) of accounts receivable with Cheetah Finance, guaranteeing up to \ ( \ $ 1 0 0 , 0 0 0 \ ) payment for possible credit losses on May 1 , 2...

Read the articles on journaling and review the template provided. Identify what approach, to journaling, in the articles you found useful and why. Post to the discussion forum that you have reviewed...