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Answers For Mastering Data Analysis in Excel
Answers For Mastering Data Analysis in Excel
12.5% r
If a fire alarm malfunctions and fails to go off when there actually is a fire,
that is a:
False Negative r
cannot be 100% r
Cancer Diagnosis.xlsx
Keep the cost per False Positive test set at $500. Use MS Solver to determine the
maximum cost per False Negative test that permits an average cost per test of $100.
$17,082 x
$12,262 r
Assume a cost of $15,000 per False Negative (FN) and $100 per False Positive (FP).
What is the minimum average cost per test?
$1.00 x
$259,800 x
$16,551 x
If, instead of assuming a cost $15,000 per FN and $100 per FP, the costs are
assumed to be $7,500 per FN and $50 per FP, what changes?
Use logic and the definition in the Binary Performance Metrics Spreadsheet to
answer the following question.
Decrease r
Make a copy of the Bombers and Seagulls Spreadsheet to answer questions 8-10.
0.75 r
0.72 x
0.78 x
Assuming the costs for classification errors are 5 million pounds per FN and 4
million pounds per FP, how much does changing the value at Cell D43 from 0 to 1
change the minimum cost per event?
Change the cost per FN to 50 million pounds. How does changing the data in cell D43
from a 0 to a 1 change the cost-minimizing threshold?
Decreases it from 75 to 70 x
Decreases it from 75 to 62 x
Decreases it from 75 to 66. r
Use the Binary Performance Metrics Spreadsheet definitions to answer the following
question.
0.50 x
0.36 x
0.64 r
.5, .5 x
.33, .67 x
.25, .75 x