Assignment:
Bank X decided to use a new algorithm to forecast their customer behavior for specific loan approval. The algorithm takes the customer historical data and uses a machine-learning model to forecast if the loan application for a customer will be approved or not.
The results look like below
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TP: 320
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FN:43
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FP:20
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TN:538
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What are the precision & accuracy values, respectively?
Select one:
a. 0.882 & 0.931
b. 0.941 & 0.931
c. 0.951 & 0.941
d. 0.941 & 0.961