Question: Predicted Class 1 Predicted Class 0 Actual Class 1 75 25 Actual Class 0 84 816 In above confusion matrix, If the profit from an
| Predicted Class 1 | Predicted Class 0 | |
| Actual Class 1 | 75 | 25 |
| Actual Class 0 | 84 | 816 |
- In above confusion matrix, If the profit from an order is much higher than the cost of sending a catalog, would the company benefit from a higher or lower cutoff rate for classifying prospective customers in class 1 and class 0?
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
