Answered step by step
Verified Expert Solution
Link Copied!

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

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

Fundamentals of Management

Authors: Robbins, DeCenzo, Coulter

7th Edition

132996855, 0-13-610982-9 , 9780132996853, 978-0-13-61098, 978-0136109822

More Books

Students also viewed these General Management questions

Question

Ty e2y Evaluate the integral dy

Answered: 1 week ago