Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The target variable Churn is coded as 1 for Churn and 0 for Non-Churner . Due to the misclassification , how much marketing department is

The target variable "Churn" is coded as 1 for Churn and 0 for Non-Churner.

Due to the misclassification, how much marketing department is likely to waste unnecessarily on giving active customers discount in order to keep them?

Enter your answer with no $, e.g., 999.

On average, the marketing depart spend $10 per customer to keep those who are about to switch to another provider to stay with the firm.

Predicted Outcome

0

1

Actual Outcome

0

1000

20

1

60

800

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

The ISO 14000 EMS Audit Handbook

Authors: Greg Johnson

1st Edition

1574440691, 978-1574440690

More Books

Students also viewed these Accounting questions

Question

1. Discuss the four components of language.

Answered: 1 week ago

Question

f. What stereotypes were reinforced in the commercials?

Answered: 1 week ago