Question

True or False

a)For most data collections, they are likely to have one or more biases.

b)profit curve is helpful when you are uncertain of the prior probabilities of each of the classes.

Answer 1

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Ans.1 For most data collections, they are likely to have one or more biases.

• True, Data collection can have one or more biases which are needed to be fixed. Biases in the data collection are the reason to go away from the truth.

Ans.2 Profit curve is helpful when you are uncertain of the prior probabilities of each of the classes.

• False, The profit curve is to get the details about the customer and channels which gain the most profit of the assets in a company

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