Quiz: Homework 7[CCP7 ×??Alternate Cut-off Confus x-C Regstrabon Confirmatio X n

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Quiz: Homework 7[CCP7 ×??Alternate Cut-off Confus x-C Regstrabon Confirmatio X ncfsu.instructure.com/cour 19608/quizzes/ 107045/take/questions/2245602 You have two attempts. Average score of used attempts will be kept as your quiz score. This quiz will expire on due date. Late submission is not possible f due date. l be shown after the Question 4 4 pts When a bank that is in poor financial condition is misclassified as financially strong, the misclassification cost is much higher than when a financially strong bank is misclassified as weak. To minimize the expected cost of misclassification, the cutoff value for classification (which is currently at 0.5) should be increased (TRUE/FALSE?) True False Previous Next Quiz saved at 9.00pm Submit Quiz

Explanation / Answer

Correct option is > False

The cut off for passing as strong bank would be high presently hence, we should bring down or rationalize the existing the cut off so that the costly misclassification can be avoided.

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