Question: Suppose you are trying to classify a variable where 96% of its observations equal 0 and only 4% equal 1. You run a logistic regression,

Suppose you are trying to classify a variable where 96% of its observations equal 0 and only 4% equal 1. You run a logistic regression, and the classification table shows that 97% of the classifications are correct. Why might this large percentage still not be cause for celebration?

Develop your responses in detail with examples, citations including references. Be sure to identify the source of your example in your posting.

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!

When you reply to two your classmates' posts, respectfully agree/disagree to the post and explain why, while offering an opinion with an example to support it and references. Be sure to do one or...

Suppose you are trying to classify a variable where 96% of its observations equal 0 and only 4% equal 1. You run a logistic regression, and the classification table shows that 97% of the...

1. how transfer pricing can be used to minimize taxes in a multinational corporation. Include a short numerical illustration. 2. wHAT are the arguments for and against the international convergence...

The board of directors of Orange Corporation, a calendar year taxpayer, is holding its year-end meeting on December 29, 2017. One topic on the board's agenda is the approval of a $25,000 gift to a...

Use Lagrange multipliers to give an alternate solution to the indicated exercise in Section 14.7. Exercise 54 The base of an aquarium with given volume V is made of slate and the sides are made of...

1.16 Facebook Fanatics The social networking site called Facebook has grown quickly since its incep- tion in 2004. Social networking statistics' show that Facebook penetration in Canada is 50.92%...

The Brownsville plant of Buckman Company produces an industrial chemical. At the beginning of the year, the Brownsville plant had the following standard cost sheet: Direct materials (10 lbs. @ $1.60)...

Manning Company issued 10,000 shares of its 55 par value common stock having a fair value of $25 per share and 15,000 shares of its $15 par value preferred stock having a fair value of $20 per share...

The following share capital information is available for a corporation with an April 30, 2018 year-end: The shares were issued when the corporation began operations on May 1, 2015. No dividends were...

The average retirement age in America is 64 years old. Do small business owners retire at an older average age? The data below shows the results of a survey of small business owners who have recently...

The average accident on a certain road section is at 2.4 per day, what is the probability that there will be 12 accidents in a week? A bus company operates both a walk-in and online booking to...

Step 3: Analyze and document control plane logical configuration features. Analyze the configurations of the devices for control plane features such as routing protocols, First Hop Redundancy...

You have been given a program Lab01_P2.c that computes the prime factorization of a hardcoded integer value. This program does not work in its current state: it has 1 syntax error (this will cause...

One of the principal roles of the system architect is to Choose the best answer below: Provide objective evidence that specified requirements have been fulfilled by system elements and integrated...

Suppose that you have a three-year holding period. Your investment earns the following annual returns: year 1: 6% year 2: 12% year 3: 7% Suppose that you had invested $1,000 initially. During your...

SBS Company have received a contract to supply its product to a Health Care Service Hospital. The sales involve supplying 1,250 units every quarter, the sales price is RM 85 per unit. The Client...

For the n55 ordered measurements from Example 2.2, the position of the median is .5(n1)5.5(6)53, and the median is the 3rd ordered observation, or m56. For the n56 ordered measurements from Example...

Find the median for the set of measurements 2, 9, 11, 5, 6, 27.

Find the median for the set of measurements 2, 9, 11, 5, 6.