Give one example where both false positives and false negatives are im – InterviewSolution

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1.	Give one example where both false positives and false negatives are important equally?
Answer» In Banking fields: Lending loans are the main sources of income to the BANKS. But if the repayment rate isn’t good, then there is a risk of huge LOSSES INSTEAD of any profits. So GIVING out loans to customers is a gamble as banks can’t risk losing good customers but at the same time, they can’t AFFORD to acquire bad customers. This case is a classic example of equal importance in false positive and false negative scenarios.

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