Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Figure below shows confusion matrix for a bank that tries to classify the transactions into legitimate and fraudulent. Based on the confusion matrix, would

The Figure below shows confusion matrix for a bank that tries to classify the transactions into legitimate and fraudulent. Based on the confusion matrix, would you chose Accuracy as your model perofrmance measure? You must explain why yes or no using the confusion matrix.Predicted class Actual class Legitimate (Negative) Legitimate (Positive) Legitimate (Negative) 56473 391 Legitimate (Positive) 12 86

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

A First Course in Differential Equations with Modeling Applications

Authors: Dennis G. Zill

11th edition

1305965728, 978-1305965720

More Books

Students also viewed these Mathematics questions

Question

Where in the world are the high-protein plants grown and why?

Answered: 1 week ago