I've always found it a little simplistic that the default cut-off, in most statistical software, for whether something should be 0 or 1, is 0.5.
(i.e. > 0.5 equals 1, and < 0.5 equals 0).
This seems to be a "rarely-questioned assumption".
Is there a reason why this is considered reasonable? And is there a name for the cut-off (i.e., if I were to want to change the cut-off, what keyword should I search for inside the software's manual?)?
(i.e. > 0.5 equals 1, and < 0.5 equals 0).
This seems to be a "rarely-questioned assumption".
Is there a reason why this is considered reasonable? And is there a name for the cut-off (i.e., if I were to want to change the cut-off, what keyword should I search for inside the software's manual?)?