"1) Using any dataset , illustatea scenario . (ex. A state government is planning to adjust the tax ratio. Increase tax for Higher-income family and decrease tax for lower-income family.) So, it needs to estimate the income of each household.) Decide which class of your ouput is positive and negative. Draw the confusion matrix Predicted Positive: Negative: Actual Positive: Negative: Describe four cases (TP, FP, TN, TF) Explain any costs from errors and expected profits (advantages) from correctly classified results. Besides monetary values, you can consider non-material values as well. Which error would make more cost between FN and FP? Besides monetary values, you can consider non-material values as well."

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1) Using any dataset , illustatea scenario

Computer Science Apr 21, 2023

1) Using any dataset , illustatea scenario . (ex. A state government is planning to adjust the tax ratio. Increase tax for Higher-income family and decrease tax for lower-income family.) So, it needs to estimate the income of each household.)

Decide which class of your ouput is positive and negative.

Draw the confusion matrix

		Predicted
		Positive:	Negative:
Actual	Positive:
Actual	Negative:

Describe four cases (TP, FP, TN, TF)

Explain any costs from errors and expected profits (advantages) from correctly classified results. Besides monetary values, you can consider non-material values as well.