Describe how moving the cutoff up or down would affect

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Reference no: EM131926300

Problem

Suppose that this routine has an adjustable cutoff (threshold) mechanism by which you can alter the proportion of records classified as fraudulent. Describe how moving the cutoff up or down would affect

a. the classification error rate for records that are truly fraudulent
b. the classification error rate for records that are truly nonfraudulent

Reference no: EM131926300

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