Buffy Brothers is a produce processing company that specializes in fruits, with apple sales representing the majority of their revenue. (Click the icon to view the additional information.) The data science team presents their work to Carissa Hilton, the management accountant at Buffy, to help them choose between two cutoff prediction probabilities for low-quality apples of 0.50 and 0.30. Apples with a predicted probability above the cut-off probability are classified as low quality, and apples below the cut-off probability are classified as acceptable quality apples. The following confusion matrices are based on the validation sample. (Click the icon to view the confusion matrices.) Read the requirements. Requirement 1. Carissa estimates that apples of acceptable quality result in a profit of $0.45 per apple. She also knows that low-quality apples can be sold to juice companies at a profit of $0.04. Finally, she estimates that the cost to Buffy of selling a low-quality apple to the grocery store as an acceptable-quality apple is $0.98 for each low-quality apple. Use this information to construct a payoff matrix. (Enter amounts to the nearest cent, X.XX. Use a minus sign or parentheses for a loss.) Payoff Matrix Predicted Outcomes Actual Outcomes Low Quality Acceptable Quality Low Quality Acceptable Quality Check answer am presents their work to Carissa Hilton, the management accountant at Buffy, to help them choose Predicted probability above the cut-off probability are classified as low quality, and apples below the cut-off probability are classified as ad are based on the validation sample. o view the confusion matrices) ents More info - Cariss ates th ter an Low Qu Their main facility receives a daily shipment of apples, which are then sorted and shipped to grocery stores and to producers of apple jelly and juice, depending on the apple quality (sweetness, taste, color, etc.). The acceptable-quality apples are sold to grocery stores and low-quality apples are sold to apple processors. If a low-quality apple is sold to a grocery store, the apples are returned and Buffy must pay the stores a fee to compensate the store for lost sales and for the extra work of shipping the apples back. Buffy's reputation also suffers, affecting future business. Buffy has an algorithm to determine apple quality, but the algorithm is not perfect and misclassifies apples. v-quality apples can be sold to 0.98 for each low-quality apple Accept more help Print Done Clea confusion matrices are based on the validation E (Click the icon to view the confusion matrices.) Data table Confusion Matrix (0.30) Predicted Outcomes Acceptable - X Confusion Matrix (0.50) Predicted Outcomes Acceptable juice companies at a profit of $0.04. Use this information to construct a Low Quality Quality Low Quality Quality Actual Low Quality 70 30 Actual Low Quality 40 60 Outcomes Acceptable Quality 230 670 Outcomes Acceptable Quality 100 800 Print Done rices are based on the validation sample. icon to view the confusion matrices.) uirements Requirements - nt 1. Cariss estimates th ix. (Enter an 1. Carissa estimates that apples of acceptable quality result in a profit of $0.45 per apple. She also knows that low-quality apples can be sold to juice companies at a profit of $0.04. Finally, she estimates that the cost to Buffy of selling a low-quality apple to the grocery store as an acceptable-quality apple is $0.98 for each low-quality apple. Use this information to construct a payoff matrix. 2. Using Carissa's knowledge about the payoff of each outcome, which threshold should the team choose? v-quality a 0.98 for ea es Low Qu Accept Print Done