*****URGENT****** due in a few hours. Please help
A national bank has developed a predictive model for identifying customers who are more likely to accept a credit card offer. If a customer is predicted to accept the credit card offer, he or she is classified into Class 1; otherwise, he or she is classified into Class 0 . Applying the model to the validation data set generated a table that lists the actual class membership and predicted Class 1 probability of the 100 observations in the validation data set. A portion of the table is shown below.
Customer
Actual Class
Predicted Class 1 Probability
1
0
0.30
2
0
0.57
100
1
0.50
a-1. Specify the predicted class membership for the validation data set using the cutoff value of 0.25. Produce a confusion matrix.
Actual Class
Predicted Class 1
Predicted Class 0
Class 1
Class 0
a-2. Specify the predicted class membership for the validation data set using the cutoff value of 0.50. Produce a confusion matrix.
Actual Class
Predicted Class 1
Predicted Class 0
Class 1
Class 0
a-3. Specify the predicted class membership for the validation data set using the cutoff value of 0.75. Produce a confusion matrix.
Actual Class
Predicted Class 1
Predicted Class 0
Class 1
Class 0
b.1. Compute the misclassification rate, accuracy rate, sensitivity, precision, and specificity of the classification model for the cutoff value of 0.25. (Round your final answers to 2 decimal places.)
Misclassification rate
Accuracy rate
Sensitivity
Precision
Specificity
b-2. Compute the misclassification rate, accuracy rate, sensitivity, precision, and specificity of the classification model for the cutoff value of 0.50. (Round your final answers to 2 decimal places.)
Misclassification rate
Accuracy rate
Sensitivity
Precision
Specificity
b-3. Compute the misclassification rate, accuracy rate, sensitivity, precision, and specificity of the classification model for the cutoff value of 0.75. (Round your final answers to 2 decimal places.)
Misclassification rate
Accuracy rate
Sensitivity
Precision
Specificity
c-1. Create a cumulative lift chart for the classification modes. At 60 cases, what is the cumulative response using the sorted predicted values?
Cumulative response using the sorted predicted values
c-2. Crease a decile wise lift chart for the classification model. What is the lift value of the first decile?
Lift value of the first decile
d. What is the lift that the classification model provides if 20% of the observations are selected by the model compared to randomly selecting 20% of the observations? (Round your final answer to 2 decimal places)
Lift (1.20)
e. What is the it that the classification model provides 50% of the observations are selected by the model compered so randomly selecting 50 s of the observations? (Round your final answer to 2 decimal places)
Lift (1.50)
*****URGENT****** due in a few hours. Please help
A national bank has developed a predictive model for identifying customers who are more likely to accept a credit card offer. If a customer is predicted to accept the credit card offer, he or she is classified into Class 1; otherwise, he or she is classified into Class 0 . Applying the model to the validation data set generated a table that lists the actual class membership and predicted Class 1 probability of the 100 observations in the validation data set. A portion of the table is shown below.
| Customer | Actual Class | Predicted Class 1 Probability |
| 1 | 0 | 0.30 |
| 2 | 0 | 0.57 |
| 100 | 1 | 0.50 |
| Actual Class | Predicted Class 1 | Predicted Class 0 |
| Class 1 | ||
| Class 0 |
| Actual Class | Predicted Class 1 | Predicted Class 0 |
| Class 1 | ||
| Class 0 |
| Actual Class | Predicted Class 1 | Predicted Class 0 |
| Class 1 | ||
| Class 0 |
b.1. Compute the misclassification rate, accuracy rate, sensitivity, precision, and specificity of the classification model for the cutoff value of 0.25. (Round your final answers to 2 decimal places.)
| Misclassification rate | |
| Accuracy rate | |
| Sensitivity | |
| Precision | |
| Specificity |
b-2. Compute the misclassification rate, accuracy rate, sensitivity, precision, and specificity of the classification model for the cutoff value of 0.50. (Round your final answers to 2 decimal places.)
| Misclassification rate | |
| Accuracy rate | |
| Sensitivity | |
| Precision | |
| Specificity |
b-3. Compute the misclassification rate, accuracy rate, sensitivity, precision, and specificity of the classification model for the cutoff value of 0.75. (Round your final answers to 2 decimal places.)
| Misclassification rate | |
| Accuracy rate | |
| Sensitivity | |
| Precision | |
| Specificity |
c-1. Create a cumulative lift chart for the classification modes. At 60 cases, what is the cumulative response using the sorted predicted values?
| Cumulative response using the sorted predicted values |
c-2. Crease a decile wise lift chart for the classification model. What is the lift value of the first decile?
| Lift value of the first decile |
d. What is the lift that the classification model provides if 20% of the observations are selected by the model compared to randomly selecting 20% of the observations? (Round your final answer to 2 decimal places)
| Lift (1.20) |
e. What is the it that the classification model provides 50% of the observations are selected by the model compered so randomly selecting 50 s of the observations? (Round your final answer to 2 decimal places)
| Lift (1.50) |
