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QUESTION 4 The Human Resource Manager of a hight-tech company in Seattle, WA has been charged to manage the high turnover rate of technology specialists

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QUESTION 4 The Human Resource Manager of a hight-tech company in Seattle, WA has been charged to manage the high turnover rate of technology specialists in the company. A predi software specialists who are more likely to leave the company within a year. Those who are predicted to leave within the first year are classified as Class 1, otherwise they model to a validation set resulted in the following Confusion Matrix Classification Confusion Matrix Predicted Class Actual Class 221 100 45 3,000 a. What is the overall error rate? b. What is the Class 1 error rate? c. What is the Class 0 error rate? The company is planning to offer incentives to those who are predicted to be Class i in order to try to convince them to stay with the company. d. Describe what a Class 1 error is in this situation. What would be the harm of a Class 1 error if the company's plan was implemented? Describe what a Class 0 error is in this situation. What would be the harm of a Class 0 error if the company's plan was implemented? r the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)

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