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Q 5 . Following on previous question assume that a classifier tells you that the response rates in first, second and third deciles of predicted

Q5. Following on previous question assume that a classifier tells you that the response rates in first, second and third deciles of predicted probabilities (in descending order) are 20%,10% and 10%. So, what will be the cost of campaign if you need 20000 responses. Show the steps in deriving the answer. Is there any financial benefit of using the classifier.

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