Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Bank X decided to use a new algorithm to forecast their customer behavior for specific loan approval. The algorithm takes the customer historical data and
Bank X decided to use a new algorithm to forecast their customer behavior for specific loan approval. The algorithm takes the customer historical data and uses a machine-learning model to forecast if the loan application for a customer will be approved or not.
The results look like below
TP: 320 | FN:43 |
FP:20 | TN:538 |
What are the precision & accuracy values, respectively?
Select one:
a. 0.882 & 0.931
b. 0.941 & 0.931
c. 0.951 & 0.941
d. 0.941 & 0.961
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started