What Does a "Confusion Table" Show

question 17

Multiple Choice

What does a "confusion table" show?

• A) Overlap of independent variables with each other
• B) Overlap of independent variables with the dependent variable
• C) The error rate in a regression random forest model
• D) The error rate in a classification random forest model

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Definitions:

Marginal Utility

The supplementary value or enjoyment experienced from the consumption of an additional unit of a good or service.

Money Income

Income received in the form of currency or through electronic transfers, as opposed to goods or services.

Products J and K

Imaginary or hypothetical products, potentially used in theoretical examples or economic models.

Consumer Equilibrium

A state in which a consumer has allocated their income in a way that maximizes their utility, given their budget constraint.