Question: You're building a nominal/binary prediction model to predict if a particular rhinoceros will trample you, and have arrived at a probability prediction formula. The next

You're building a nominal/binary prediction model to predict if a particular rhinoceros will trample you, and have arrived at a probability prediction formula. The next step is to determine the best threshold to use to drive your predictions (i.e. is 51% enough to predict 'Yes' or should it be something else?). Do you anticipate needing a higher or lower threshold for best results?

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!

Serena is a single-price, profit-maximizing monopolist in the sale of her own patented perfume, whose demand and marginal cost curves are as shown. a. Relative to the consumer surplus that would...

Abstract This article describes CRISP-DM (Cross-Industry Sandand Process for Data Mining), a non-proprietary, documented, and freely available data mining model. Dezeloped by indias- try leaders...

Time Series Data Mining: A Case Study With Big Data Analytics Approach ABSTRACT Time series data is common in data sets has become one of the focuses of current research. The prediction of time...

Tactics Mentioned? Sample Size (n): ? Number of Groups: ? Number of Treatments: ? Standard Deviation ():? Standard Error:? Mean (): ? F Statistic: ? Degrees of Freedom (df):? P-Value:? An ANOVA...

What are the Statistics Mentioned? Sample Size (n): Number of Groups: Number of Treatments: Standard Deviation (): Standard Error: Mean (): F Statistic: Degrees of Freedom (df): P-Value: An ANOVA...

Describe the quantitative results of the study, including all statistics, identified in the article? Describe the meaning of the results and how they answer the research question? An ANOVA approach...

What are the Statistics Mentioned? Sample Size (n): Number of Groups: Number of Treatments: Standard Deviation (): Standard Error: Mean (): F Statistic: Degrees of Freedom (df): P-Value: An ANOVA...

Describe the meaning of the results and how they answer the research question? An ANOVA approach for accounting for life-cycle uncertainty reduction measures in RBDO: the FSAE brake pedal case study...

What are the Statistics Mentioned? Sample Size (n): Number of Groups: Number of Treatments: Standard Deviation (): Standard Error: Mean (): F Statistic: Degrees of Freedom (df): P-Value: An ANOVA...

List and briefly define all quantitative measures and statistics (e.g., sample size, number of groups, number of treatments, standard deviation, standard error, mean, intercept, slope, F statistic,...

ANSI-SPARC6 Programming Language Compilation Write notes on each of the following topics: (a) the implementation of labels and jumps in a recursive, block structured programming language [7 marks]...

A 2.0 kg lunchbox is sent sliding over a frictionless surface, in the positive direction of an x axis along the surface. Beginning at time t = 0, a steady wind pushes on the lunchbox in the negative...

You own a small energy services company in rural West Texas are considering the purchase of an apartment "share" in Dallas for your monthly trips there for business. The company offers several...

Which Texas official serves as the state's tax collector and auditor? The comptroller of public accounts The commissioner of the General Land Office The secretary of state The secretary of the...

When older adults have difficulty with transportation and communication, or may be reluctant to request needed assistance to which they are entitled, they may be in need of: Group of answer choices...