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Assume That We Have a Dataset Containing Information About 200

question 4

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Assume that we have a dataset containing information about 200 individuals. One hundred of these individuals have purchased life insurance. A supervised data mining session has discovered the following rule:
IF age < 30 & credit card insurance = yes
THEN life insurance = yes
Rule Accuracy: 70%
Rule Coverage: 63%
How many individuals in the class life insurance= no have credit card insurance and are less than 30 years old?

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Definitions:

Product Cost

The total costs associated with making a product, including direct labor, direct materials, and overhead expenses.

Verticals

Specific business sectors or categories of industry that companies are engaged in or serve.

Goods Manufactured

The total quantity of finished goods produced by a company over a specific period.

Period Costs

Expenses that are not directly tied to the production process and are instead related to time periods, such as rent and utilities.

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