Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Your manager wants to use the total accurate classification rate (percent of all cases properly classified) as the metric to evaluate the division's models. Is

image text in transcribed
Your manager wants to use the total accurate classification rate (percent of all cases properly classified) as the metric to evaluate the division's models. Is this a good idea? Why or why not? Select all that apply. A. Good idea; There is no difference between a false positive and a false negative error. A percent of all cases properly classified separates correct classifications from errors. B. Not a good idea; There are frequently differential costs to errors. One error may have larger consequences than another so a percent of correct classifications would not account for these varying costs. C. Not a good idea; We are frequently predicting classification in which the probability of each group is quite different, simply guessing the majority category will frequently result in an excellent overall classification rate. D. Not a good idea; The division's models always results in a 95% accuracy rate. Using the total accurate classification rate would result in all models appearing equal when they are not

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 Course In Number Theory

Authors: Mofidul Islam

1st Edition

9353147069, 9789353147068

More Books

Students also viewed these Mathematics questions

Question

2. It is the results achieved that are important.

Answered: 1 week ago