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Comment on the below: The table shows the distribution of this probability across different ranges. * Here's how to interpret the table: * Range (e.g.,
Comment on the below: The table shows the distribution of this probability across different ranges. * Here's how to interpret the table: * Range (e.g., 0.95-1.00): This indicates the range of posterior probabilities. * Number of Events: This shows the number of claims where the model predicted a very high probability (almost certain) of fraud. (In this case, 2 claims) * Number of Nonevents: This shows the number of claims where the model predicted a very low probability of fraud. (There are none in this specific range) * Mean Posterior Probability: This is the average probability predicted by the model for claims falling within that range. * Percentage: This represents the proportion of claims that fall within that specific probability range
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