A Statistical Model Quantifies the Probability of a Defined Customer

question 15

True/False

A statistical model quantifies the probability of a defined customer category purchasing a certain class of products sold by a retail store. The probability value to identify customers predicted to make purchase was initially set at 0.5, and later changed to 0.4. This resulted in an increase in "false negative" customers.

---

Definitions:

Auscultating

The act of listening to the internal sounds of the body, typically using a stethoscope, as part of a medical examination.

Portable Blood Pressure

A compact, mobile device designed to measure blood pressure outside of a traditional clinic setting, allowing for monitoring in various environments.

Calibration

The process of adjusting and validating the accuracy of a measurement instrument by comparing it with a standard.

Demonstrate

To clearly show the existence or truth of something by providing evidence or proof.