Equal priors, a costly miss
A classifier reads . Under "negative" (), ; under "positive" (), . The two states are equally likely, . A false alarm costs unit; a miss costs units. You declare "positive" when .
Find the cost-minimizing cutoff .
A classifier reads . Under "negative" (), ; under "positive" (), . The two states are equally likely, . A false alarm costs unit; a miss costs units. You declare "positive" when .
Find the cost-minimizing cutoff .