Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A real estate agent who focuses on low value homes is interested in using decision trees to classify the values of homes in this area.

A real estate agent who focuses on low value homes is interested in using decision trees to classify the values of homes in this area. He considers misclassifying a 'low' value home as 'high' to be a more costly error, because it will be harder for him to sell an actual 'low' value home if he presents the 'false high' results to the seller. Therefore, he assigns a cost of 0.9 to such an error (and thus 0.1 for the cost of misclassifying a 'high' value home as 'low'). With this set of costs, which tree model is better for him? Show your calculations.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Engineering Mathematics

Authors: Dennis G Zill

6th Edition

1284105970, 9781284105971

More Books

Students also viewed these Mathematics questions