The chart below is a summary of the main results of a test data set representing the population observed purchasing a virtual digital assistant. What does the accuracy rate indicate?MetricsMetricValueAccuracy (#correct)178Accuracy (%correct)85.6Specificity0.88219Sensitivity (Recall)0.6Precision0.82400F1 Score0.88213Success Class1Success Probability0.4 Multiple Choice85.6% of the population has purchased a virtual assistant.60% of the observations are correctly classified.85.6% of the observations are correctly classified.14.4% of the observations are correctly classified. Explain all the incorrect answers also

Answered: What does the accuracy rate indicate?

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

See similar textbooks

Related questions

Concept explainers

Question

The chart below is a summary of the main results of a test data set representing the population observed purchasing a virtual digital assistant. What does the accuracy rate indicate?

Metrics
Metric	Value
Accuracy (#correct)	178
Accuracy (%correct)	85.6
Specificity	0.88219
Sensitivity (Recall)	0.6
Precision	0.82400
F1 Score	0.88213
Success Class	1
Success Probability	0.4

Multiple Choice

85.6% of the population has purchased a virtual assistant.
60% of the observations are correctly classified.
85.6% of the observations are correctly classified.
14.4% of the observations are correctly classified.

Explain all the incorrect answers also

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.

Similar questions