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Randy is an insurance adjuster for a national auto insurance company. Usinghistorical insurance claim data, Randy has built an insurance fraud detectionmodel with the help of a data analyst. Applying the model on the validation dataset generated the following confusion matrix. A fraudulent insurance claim is aClass 1 case while a nonfraudulent claim is a Class 0 case.Actual Class Predicted Class 1 Predicted Class 0Class 1 254 10Class 0 87 649The confusion matrix was generated based on a 0.50 cut

Randy is an insurance adjuster for a national auto insurance company. Usinghistorical insurance claim data, Randy has built an insurance fraud detectionmodel with the help of a

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