Answer the following: a. You are evaluating a credit card fraud detection system that has 98% accuracy. It is known that typically there are 10 fraudulent transa million. Assuming that the system has symmetric accuracy for both classes (Fraud, Genuine) of transactions, estimate false alarm rate.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
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ISBN:9780079039897
Author:Carter
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Chapter4: Equations Of Linear Functions
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Answer the following:
a. You are evaluating a credit card fraud detection system that has 98% accuracy. It is known that typically there are 10 fraudulent transactinns per
million. Assuming that the system has symmetric accuracy for both classes (Fraud, Genuine) of transactions, estimate false alarm rate.
b. When do we prefer supervised and unsupervised approaches for sentiment analysis?
Transcribed Image Text:Answer the following: a. You are evaluating a credit card fraud detection system that has 98% accuracy. It is known that typically there are 10 fraudulent transactinns per million. Assuming that the system has symmetric accuracy for both classes (Fraud, Genuine) of transactions, estimate false alarm rate. b. When do we prefer supervised and unsupervised approaches for sentiment analysis?
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