Posted by: Pdfprep
Post Date: November 7, 2020
Refer to the lift chart:
At a depth of 0.1, Lift = 3.14.
What does this mean?
A . Selecting the top 10% of the population scored by the model should result in 3.14 times more events than a random draw of 10%.
B . Selecting the observations with a response probability of at least 10% should result in 3.14 times more events than a random draw of 10%.
C . Selecting the top 10% of the population scored by the model should result in 3.14 times greater accuracy than a random draw of 10%.
D . Selecting the observations with a response probability of at least 10% should result in 3.14 times greater accuracy than a random draw of 10%.
Answer: A
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