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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
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
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