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Risk, Fraud & ML Engineering - Quiz
Test your knowledge with 7 questions
Question 1 of 7
medium
A fraud detection model has 99.5% accuracy. Is this a good model for detecting fraud where ~0.5% of transactions are fraudulent?
A
Yes — 99.5% accuracy is excellent
B
No — a model that predicts "not fraud" for every transaction also achieves 99.5% accuracy
C
It depends on the model algorithm used
D
Yes, but only if the model uses deep learning
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