You are trying to build a model to predict the probability of winning over/under bets for totalpoints in basketball. You are evaluating the training accuracy and you obtain an almost 98%accuracy. Which of the following is the action that you would NOT take:a. Use this model to make future betsb. Build a model with less complexityc. Perform cross validationd. Try using regularization

Given that to build a model to predict the probability of winning over/under bets for total points…

Answered: You are trying to build a model to…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

See similar textbooks

Similar questions

I am only given one attempt at this. I need help. A newspaper report conducted a survey of 753 people in New York City and found that 27% of the population believe that the Yankees will miss the playoffs this year. In the accompanying dialogue, the report states, we are 99% confident that the true proportion of people in New York City who believe that the Yankees will miss the playoffs this year lies between 23% and 31% . What does 4% represent in the report? A. a parameterB. a statisticC. a confidence intervalD. a margin of errorE. a confidence level
You need to use Stata to look up the dataset and its variables. Use Stata Companion Textbook. (Dataset: NES. Variables: spend8, [pw=nesw].) The NES dataset contains spend8, which records the number of government policy areas where respondents think spending should be increased. Scores range from 0 (the respondent does not want to increase spending on any of the policies) to 8 (the respondent wants to increase spending on all eight policies). The NES, of course, polls a random sample of U.S. adults. In this exercise you will analyze spend8 using the mean and lincom commands. You then will draw inferences about the population mean. (Remember to specify nesw as the probability weight.) The spend8 variable has a sample mean of ______. Make sure you use [pw=nesw] so your results are nationally representative. There is a probability of .95 that spend8’s true population mean falls between a score of ______ at the low end and a score of ______ at the high end. A student researcher…
A lawyer considers taking a case figures that there is a 40% chance of winning the case in court and earning his firm $400,000, a 50% chance of losing the case in court and costing his firm $150,000, and a 10% chance of settling out of court and bringing in $200,000. What is the expected payoff of the case for the firm?
Hi, please answer both. Thanks!
Charlie buys a one-year term home insurance policy for $p, that will pay $200,000 in the event of a major catastrophe and $35,000 in the event of a minor catastrophe. Charlie's home has a 0.2% chance of a major catastrophe and a 0.7% of a minor catastrophe during the one year term. What did the insurance company charge Charlie for this policy if the company expected to break even?
The boxplot below shows salaries for CPAS and Actuaries in a town. СРА Actuary 20 30 40 50 60 70 80 90 100 110 Salary (thousands of $) If a person is making the third quartile salary for a CPA, they are making less than % of Actuaries.
2. You play a game in which 40% of the time you win $3 and 40% of the time you lose $5 and 20% of the time you win $1. Please show your work.
A college in the northeastern United States used SAT scores to help decide which applicants to admit. To determine whether the SAT was useful in predicting success, the college examined the relationship between SAT scores and first – year GPAs of admitted students. Below is a table with the data collected. (a) What would you predict the GPA to be for a student whose Math SAT score is 650? (b) What process of prediction did you use for part (a) ? Is this a good prediction? (c) What would you predict the GPA to be for a student whose Math SAT score is 725? (d) What process of prediction did you use for part (b)? Is this a good prediction? Math SAT Scores First – Year GPAs 509 2.6 471 2.3 700 2.4 719 3 710 3.1 643 2.9 665 3.1 719 3.3 693 2.3 701 3.3 614 2.6 557 3.3 611 2 701 3
Help

Recommended textbooks for you

A First Course in Probability (10th Edition)

Probability

ISBN:

9780134753119

Author:

Sheldon Ross

Publisher:

PEARSON

A First Course in Probability

Probability

ISBN:

9780321794772

Author:

Sheldon Ross

Publisher:

PEARSON

A First Course in Probability (10th Edition)

Probability

ISBN:

9780134753119

Author:

Sheldon Ross

Publisher:

PEARSON

A First Course in Probability

Probability

ISBN:

9780321794772

Author:

Sheldon Ross

Publisher:

PEARSON

SEE MORE TEXTBOOKS