An insurance company has to decide whether they will approve insurance for an applicant or not. They have historical data on approvals made in the past (total 200 applications). A modeler has been tasked to build a classification model which can help predict which applicants are eligible for insurance and which are not. In the event of approval, the dependent variable takes value 1 and takes value 0 otherwise. The modeler comes up with a model with the following confusion matrix on the training data. Predicted Actual 1 100 20 10 70 Select one: O a. The accuracy is 85% and sensitivity is 83% O b. None of the above O. The accuracy is 83% and sensitivity is 85% O d. The sensitivity is 83%

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An insurance company has to decide whether they will approve insurance for an applicant or not. They have historical
data on approvals made in the past (total 200 applications). A modeler has been tasked to build a classification model
which can help predict which applicants are eligible for insurance and which are not. In the event of approval, the
dependent variable takes value 1 and takes value 0 otherwise. The modeler comes up with a model with the following
confusion matrix on the training data.
Predicted
1
100 20
Actual
10 70
Select one:
O a. The accuracy is 85% and sensitivity is 83%
O b. None of the above
O . The accuracy is 83% and sensitivity is 85%
O d. The sensitivity is 83%
Transcribed Image Text:An insurance company has to decide whether they will approve insurance for an applicant or not. They have historical data on approvals made in the past (total 200 applications). A modeler has been tasked to build a classification model which can help predict which applicants are eligible for insurance and which are not. In the event of approval, the dependent variable takes value 1 and takes value 0 otherwise. The modeler comes up with a model with the following confusion matrix on the training data. Predicted 1 100 20 Actual 10 70 Select one: O a. The accuracy is 85% and sensitivity is 83% O b. None of the above O . The accuracy is 83% and sensitivity is 85% O d. The sensitivity is 83%
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