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Which of the following is more critical about the model?

Which of the following is more critical about the model?

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter9: Decision Making Under Uncertainty
Section9.5: Multistage Decision Problems
Problem 19P
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MULTIPLE CHOICE QUESTIONS An ecommerce company decides to send a gift voucher worth $1000 to a set of customers they believe would make a purchase of at least $5000. They develop a model to identify potential customers who can make a purchase of $5000 if we send the $1000 voucher. Which of the following is more critical about the model? O False negative is worse than False positive if voucher amount crosses $5000 O Both False positive and negative are acceptable O False positive is worse than a False negative O False negative is worse than a False positive Which of the following statements is TRUE? O Tree based models are normally not affected by outliers O Presence of outliers in the data has no effect on Regression models O Standard scaler performs well on features that have outliers O Tree-based models do not rely on dividing the feature space into sub-sections
Transcribed Image Text:MULTIPLE CHOICE QUESTIONS An ecommerce company decides to send a gift voucher worth $1000 to a set of customers they believe would make a purchase of at least $5000. They develop a model to identify potential customers who can make a purchase of $5000 if we send the $1000 voucher. Which of the following is more critical about the model? O False negative is worse than False positive if voucher amount crosses $5000 O Both False positive and negative are acceptable O False positive is worse than a False negative O False negative is worse than a False positive Which of the following statements is TRUE? O Tree based models are normally not affected by outliers O Presence of outliers in the data has no effect on Regression models O Standard scaler performs well on features that have outliers O Tree-based models do not rely on dividing the feature space into sub-sections
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9781337406659
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