Quiz 6 Question 6 of 20

A data science team builds a model to flag fraudulent credit card transactions. Only about half a percent of transactions in the historical dataset are actually fraudulent. A junior analyst reports that the model is excellent because it is 99.4 percent accurate, but closer inspection shows the model labels every single transaction as legitimate and never flags fraud at all. Which evaluation approach would have revealed the problem that overall accuracy hid?

Select an answer to reveal the explanation.

Motivation