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

  1. 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 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 Mathematics Questions!

Q:

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...

Q:

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...

Q:

Consider the following confusion matrix for a binary classification. Predicted Class 1 Predicted Class 0 Actual Class 1 450 50 Actual Class 0 78 422 What is the Specificity? Answer:

Q:

QUESTION 4 The Human Resource Manager of a hight-tech company in Seattle, WA has been charged to manage the high turnover rate of technology specialists in the company. A predi software specialists...

Q:

Computer the misclassification rate, accuracy rate, sensitivity, precision and specificity for the provided confusion matrix. (Round all answers to 3 decimals) Actual Class Predicted Class 1...

Q:

Computer the misclassification rate, accuracy rate, sensitivity, precision and specificity for the provided confusion matrix. (Round all answers to 3 decimals) Actual Class Predicted Class 1...

Q:

Observatio bctual Clasredicted Class 1 Probability 1 0 0.26 2 0 0.62 3 0 0.22 4 0 0.38 5 1 0.35 6 0 0.06 7 1 0.77 8 1 0.31 9 1 0.4 10 0 0.31 11 1 0.84 12 0 0.82 13 0 0.49 14 0 0.46 15 0 0.06 16 0...

Q:

A national bank has developed a predictive model for identifying customers who are more likely to accept a credit card offer, if a customer is predicted to accept the credit card offer, he or she is...

Q:

Objective: The objective of this assignment is to familiarize you with predictive probabilities in the context of fraud detection and demonstrate how the choice of cutoff threshold impacts the...

Q:

Help on questions 2, 3, 4, and 5 5. . Table . Table . Table Table ha o ha o has has Confusion Matrix A Predicted class Total 0 1 0 23 6 Actual Class 1 8 56 Total Confusion Matrix B Predicted class...

Q:

Solve the following differential equation: 2.5y \' + 5y = 7.5 USING: An analytical method A numerical method (state the method you used)

Q:

People often wait until middle age to worry about having a healthy heart. However, recent studies have shown that earlier monitoring of risk factors such as blood pressure can be very beneficial (The...

Q:

10. A key disadvantage of incorporating is that . (LO1) a) you will have to pay corporate income tax b) you will have to charge sales tax c) you will have to sell stock d) you will have to reorganize...

Q:

Identify and discuss the individual characteristics and qualifications LVMH should consider when choosing managerial candidates for the foreign assignment at Tiffany & Co at New York City. Explain...

Q:

Mortality rate

Q:

Armed conflicts.

Q:

Take responsibility for the other persons or others experience of the situation.