Save the Prediction Formula to the Data Table. Create Confusion Matrices for 0.1 to 0.9 probability cut-offs with an increment of 0.1 using "Alternate cut-off confusion matrix" Add-Ins. Use Prob(Offer Accepted==Yes) for Predicted Value. Answer the following questions based on the Validation data set Confusion Matrix. Which probability cut-off has the highest sensitivity (assuming ‘Yes’ is the positive class?) What is the value? (2 points)0.9, 0.78%0.9, 79.85%0.1, 79.85%0.1, 53.91%
Answers
The probability cut-off with the highest sensitivity is 0.9 with a sensitivity value of 79.85%.
To find the probability cut-off with the highest sensitivity, you need to follow these steps:
1. Save the Prediction Formula to the Data Table: Add a column to your data table and calculate the predicted probabilities using the given prediction formula.
2. Create Confusion Matrices for 0.1 to 0.9 probability cut-offs: To do this, use the "Alternate cut-off confusion matrix" Add-Ins in your software. Set the range for the cut-off probability values from 0.1 to 0.9 with an increment of 0.1.
3. Use Prob(Offer Accepted==Yes) for Predicted Value: Ensure that you use the probability of the 'Yes' class (Offer Accepted) as the Predicted Value while creating the confusion matrices.
4. Analyze the Validation data set Confusion Matrix: Go through the confusion matrices created for the validation data set, and identify the probability cut-off with the highest sensitivity value.
Sensitivity is calculated as the ratio of True Positives (TP) to the sum of True Positives (TP) and False Negatives (FN). The higher the sensitivity, the better the model is at correctly identifying positive cases.
Based on the given options:
- 0.9, 0.78% has a sensitivity of 0.78%.
- 0.9, 79.85% has a sensitivity of 79.85%.
- 0.1, 79.85% has a sensitivity of 79.85%.
- 0.1, 53.91% has a sensitivity of 53.91%.
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Related Questions
Which of the following statements accurately describes the free enterprise
system in the United States?
Answers
Answer:
Businesses are generally free of government ownership and
control
Explanation: The answer is C.
Purpose
This assignment is intended to help you learn to do the following:
Define what "market failure" means.
Explain why the market underproduces "public goods."
Explain how externalities distort market outcomes.
Describe how market power prevents optimal outcomes.
Define what "government failure" is.
Overview
Review the section of your text that covers market failure and government failure. In addition, find and read two recent articles on this topic. Write a 500-750 word (approximately 2 to 3 page) paper that addresses these questions:
What are some examples of market failure and government failure?
What challenges do economies face in light of optimal allocation and public goods?
Support your conclusions with the findings from the articles and the textbook as well as any other sources you would like to use. Format the paper according to General APA Guidelines (Links to an external site.). You do not need to include an abstract but you must include a title page and a references page. These pages are not included in your word/page count.
Action Items
Read the assignment rubric.
Write your paper according to the directions in the assignment overview.
Submit the completed first draft of your assignment. Your work will automatically be checked by Turnitin.
Access your Turnitin report by reviewing your Submission Details for this assignment. Revise your work as needed based on the feedback.
By the due date indicated, re-submit the final version of your work.
Answers
Market failure refers to situations where the free market system fails to efficiently allocate resources or produce optimal outcomes. Examples include externalities, public goods, and market power. Government failure occurs when government intervention in the economy results in inefficiencies or unintended consequences. Economies face challenges in achieving optimal allocation and providing public goods due to the difficulties in pricing and incentivizing the production of public goods, as well as the potential for government failure in implementing and managing interventions.
Market failure occurs when the market mechanism does not lead to efficient outcomes. Examples include externalities, such as pollution, where the costs or benefits of a transaction are not fully borne by the parties involved.
Public goods, like national defense or clean air, are another example of market failure because they are non-excludable and non-rivalrous, making it difficult for private markets to provide them efficiently.
Market power, where a single firm or a group of firms has control over market prices and output, can also lead to market failure by preventing competition and optimal allocation of resources.
Government failure refers to situations where government interventions or policies intended to correct market failures actually create inefficiencies or unintended consequences.
This can occur due to factors such as bureaucratic inefficiency, regulatory capture, or the inability of government to accurately assess and respond to market conditions.
The challenges faced by economies in achieving optimal allocation and providing public goods arise from the complexities involved in pricing and incentivizing the production of public goods.
Public goods lack a market price, which makes it challenging to determine their value and allocate resources efficiently.
Additionally, the potential for government failure adds another layer of difficulty, as government interventions may not always achieve their intended goals or may create new inefficiencies.
The findings from articles and additional sources can provide specific examples and further insights into market failure and government failure, supporting the conclusions about the challenges faced by economies in achieving optimal allocation and providing public goods.
It is important to properly cite and reference these sources according to General APA Guidelines.
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Bayard organized, and owns and operates, Cypress Tours in the simplest form of business organization. This is
Answers
Bayard organized, owns, and operates, Cypress Tours in the simplest form of business organization. This is called sole proprietorship.
What is a sole proprietorship in business?A sole proprietorship is a type of business is can be managed and operated by an individual, or a business corporation. There exist no partners in the business corporation.
Therefore, we can conclude that Bayard who owns and operates Cypress TOurs in the simplest form of the business organization runs a sole proprietorship business and not a partnership, franchise, or corporation.
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when queries are saved and run again at a later date one advantage is that the query uses the most information
A. Complex
B. basic
C. historical
D. current
Answers
Answer: current
Explanation: took the quiz
Complex queries occur when queries are saved and run again at a later date one advantage is that the query uses the most information.
What is a complex query?It is a type of query that involves an individual using more than one search tools. It can be used to better understand multiple query by further breaking them into bits.
Therefore, Complex queries occur when queries are saved and run again at a later date one advantage is that the query uses the most information.
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What was in the sealed box from the Virginia Company in England that the settlers
A opened once they arrived?
B guns and weapons for protection from Indians
C gold
D the names of the seven men who would be the leaders
E a map that showed where the gold was
Answers
Answer:
B
Explanation:
Answer:
The Virginia Company sent a list of seven qualified men who could serve on a council and be the leaders. The company leaders did this because they knew the men would have a hard time agreeing on who should be the leaders.
Explanation:
Accountants record, classify, and __________ the results of the financial information they gather.
Answers
Accountants record, classify, and interpret the results of the financial information they gather.
What are accountant?An accountant is a professional who is in charge of keeping and analyzing financial records. Most accountants manage a wide range of financial tasks for both their individual clients and the bigger businesses and organizations that employ them.
It may not be clear what exactly this profession entails because the word "accountant" is commonly used in conjunction with a number of other titles. Even though the phrases "accountant" and "bookkeeper" are frequently used interchangeably, there are several key differences between the two.
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How can you use feedback from your clients?
a. To practice reflective listening
b. To improve your effective communication
c. To improve your trust and rapport with your clients
d. To improve your skills and craft
Answers
Deena works at a small brewery. She is the only person trained in changing out the labels on the automatic bottling machine. The brewery has high dependency on deena because she has low.
Answers
Deena works at a small brewery. She is the only person trained in changing out the labels on the automatic bottling machine. The brewery has a high dependency on Deena because she has low substitutability
What is a substitute?In economics and consumer theory, a substitute, or substitutable good, is a product or service that consumers perceive to be essentially the same or similar-enough to another product. Simply put, a substitute is a product that can be used instead of another.
Deena is employed at a small brewery. She is the only person who has been trained to change the labels on the automatic bottling machine. Deena is extremely important to the brewery.
Deena is the only one who knows how to change the machine's labels. As a result, there is a high reliance on Deena because she has low substitutability, which means there is no other resource available to replace her for the job.
Therefore, it illustrates low substitutability.
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Suppose you are a manager at an advertising agency who is eager to utilize Covey's advice about delegation. Today, you need to work on a
presentation for a potential new client. This requires delegating a routine status report about an ongoing advertising campaign to Joanne. By
delegating the status report to Joanne, she has
for its completion.
Answers
Available Option Are:
Juanita must have authority over the resources and personnel needed to complete the status report You should help Juanita with the status report, to the extent you have timeJuanita will have full responsibility for the assignment Juanita will be held accountable for the results of the assignment.Answer:
Correct Options are 1, 3 and 4.
Explanation:
She also has authority to access the legitimate resources to complete the status report in due time. Hence Option 1 is correct.
However, after delegating the assignment to Joanne. I am not responsible to help her complete the task. I may have responsibility of reviewing the status report but I am not responsible for helping her to complete the status report whenever I am free. Hence Option 2 is incorrect.
The reason is that after delegating the task to Juanita with authority and responsibility to complete the assigned task, she is now responsible to complete the status report as the task is assigned to her. Hence option 3 is correct
If Juanita's status report was not difference making or in simple words the purpose of the status report was not fulfilled then she will accountable for the outcome. Hence Option 4 is correct.
Please help. I will mark you as brainliest !!!
How does the value of the cars produced by the Japanese company within the United States
impact the United States' Gross National Product (GNP), and why?
Answers
The reason why is that GDP includes the final value of all goods and services produed within a country, during a specific period of time (usually a year). If the cars are produce in U.S. territory, they are counted as part of U.S. GDP, even if the company is from Japan or any other country.
Can you think of a bad decision from your own school or work experience, or from recent business or political news stories, that was made in an effort to correct or justify a past decision?
Answers
Answer:
Explanation:
Personal Experience:
One time I had to turn in an assignment for the company that I worked for which needed to be done and turned in by the end of the workday. I failed to do so due to family issues. This assignment was incredibly important and failure to turn it in would have cost the company a lot of money. So I stayed up all night and finished the assignment. I ended up breaking into the office in the middle of the night to turn it in before the boss found out. It was a bad decision since I could have gotten arrested or fired.
A credit card company advertises an APR of 14.7%, compounded daily. What
is the effective interest rate? Round your answer to two decimal places.
Answers
Answer:
16%
Explanation:
Effective interest rate = (1 + i/m)^m - 1
= (1 + 0.147/365)^365 - 1
= 0.1583
= 0.16 = 16%
The driving force of some governments is to bring the benefits of competition to formerly monopolized markets. Explain the benefits that might occur in a more competitive market compared with a monopolized market.
Answers
Competition lowers prices, improves quality, and boosts innovation by incentivizing businesses to attract customers, differentiate themselves, and invest in research and development.
Lower Prices: Increased competition often leads to lower prices as businesses strive to attract customers by offering better deals and value. Improved Quality Competition drives businesses to improve the quality of their products or services to differentiate themselves from their competitors. In a monopolized market, the lack of competition can lead to complacency and a decreased incentive to innovate or enhance product quality.3. Increased Innovation: Competition fosters innovation as firms seek to gain a competitive edge. In a monopolized market, the dominant company may have less motivation to invest in research and development, stifling technological advancements and limiting consumer choice.
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Can you describe cody's current financial position as good average or poor
Answers
Cody's current financial position can be described as average. and Cody's Net Worth is $3,805
What is the explanation for the above response?
Statement of Financial Position for Cody as of August 1:
Assets:
Cash and Cash Equivalents: $1,505 ($560 in checking + $945 in savings)
Investments: $3,400
Property, Plant, and Equipment: $5,150 ($4,500 for truck + $250 for television + $200 for MP3 player + $750 for laptop + $250 for game system + $200 for watch)
Liabilities:
Credit Card Debt: $2,050 ($850 + $1,200)
Student Loans: $2,600
Borrowed from Parents: $200
Total Liabilities: $4,850
Net Worth: $3,805
Cody's current financial position can be described as average. Although he has some liabilities, such as credit card debt and student loans, his net worth is positive, indicating he has more assets than liabilities. Additionally, he has savings and investments, which shows he is actively saving for the future. Two specific examples to support this position are: (1) Cody's ownership of a truck worth $4,500, and (2) his savings of $3,400 in other types of savings tools at a depository institution. These two assets alone make up more than half of his net worth.
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Full Question:
Although part of your question is missing, you might be referring to this full question:
Cody is enrolled in a personal finance class in his second semester of college and one of the assignments is to
create a Statement of Financial Position. Although he feels overwhelmed, he has gathered his financial
information and is ready to complete this task. Use the information below to help Cody create his Statement
of Financial Position for August 1. (10 points for completion)
Cody begins by looking through the stack of bills and statements he has filed. He currently owes $2,600 in
student loans and has a credit card balance of $850 for one card and $1,200 for another. He remembers that
he borrowed $200 from his parents to go to Florida for spring break and he owes $3,200 for his truck, which
is worth $4,500.
Although he doesn't own a home, Cody invested in some furnishings before moving to his own apartment
last semester. He owns a television valued at $250 and an MP3 player which is worth $200. When he started
school, he purchased a laptop, which is now valued at $750. He owns a game system valued at $250 and
although he owns clothing and other items, he realizes the only other item of real value is a watch his
grandfather left him. Last year Cody's mother visited an antique appraiser and learned the watch was worth
$200. His current checking account balance is $560 and $945 is available in his savings account. Cody also has
$3,400 saved in other types of savings tools at a depository institution.
Using the template provided, complete Cody's Statement of Financial Position. When the statement is
complete use it to answer the questions below about Cody's overall "financial temperature."
1. Would you describe Cody's current financial position as good, average, or poor? Provide two specific
examples to support your position
how has the right to education addressed to differently able persons?How far is it appropriate to keep such provision with view of justice?Present your logics.
Answers
Answer:
,
Explanation:
i think this is answer right
________leads to better quality and lower prices?
A. Scarcity
B. Competition
C. Monopolies
D. Studying macroeconomics
Please help!!
Answers
Answer:
a
Explanation:
because it makes sense in the sentence
Before selecting a brand name for a new product, marketers should determine the acceptability of brand possibilities among different cultures. As part of this process, marketers should.
Answers
Before selecting a brand name for a new product, marketers should determine the acceptability of brand possibilities among different cultures. As part of this process, marketers should determine if the brand name would be culturally taboo where the product will be marketed.
Your brand name is the most used, the most ubiquitous, which means it holds within it the majority of a brand’s value. The name is transmitted day in and day out, in conversations, emails, voicemails, websites, on the product, on business cards, and in presentations - everywhere. Names are way-finders, used by people to locate and choose you over your competitors.
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Drag each option to the correct location.
Match the scenarios to the factors that affect the labor market.
foreign direct investment
outsourcing
immigration
Answers
Each scenario should be matched to the factors that affect the labor market as follows:
Immigration: Carlos is moving from Mexico to the United States because he got a job in a bank. He had his interview last month, and the bank agreed to hire him because he was willing to work for 10% less than most American workers, even though he has the same qualifications.Foreign direct investment: A US supermarket chain is going to open a few supermarkets in Europe because a recent survey showed that the chain has a huge potential for profits in Europe.Outsourcing: A renowned US information technology firm has recently signed a contract with a company based in the Philippines. The Filipino company will handle the accounts of the US firm. The US firm made this decision to reduce labor costs.What is immigration?Immigration can be defined as the movement of a group of people from one geographical region to another geographical destination such as a city, especially in search of any of the following:
Good governanceSecurityBetter living conditions.WorkJobsSocial amenitiesWhat is a foreign direct investment?A foreign direct investment (FDI) simply refers to a type of investment which is made by an individual or business organization (investor) into an investment market that is located in another country.
In conclusion, an example of foreign direct investment (FDI) is a US supermarket chain that is planning to open a few supermarkets in a country in Europe.
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Answer:
Post Test: Free Market and Businesses
Unit: 2
Economics
Question #12
__________________________________________________________
This is 100% right because I took the test
Go to explanation for picture with answers
l
l
∨
Explanation:
Here's the picture and I hope this helped!
Have a nice day!
Which of these influences group cohesiveness?
Group of answer choices
a. Group homogeneity
b. Group maturity
c. Group size
d. Success
e. All of these
Answers
The correct answer is e) All of these. Group homogeneity, group maturity, group size, and success all influence group cohesiveness.
¿What factors influence group cohesion?Group homogeneity refers to the similarities of group members, and having a more homogeneous group can create a sense of closeness and understanding among members. Group maturity is the level of development the group has reached, with more mature groups showing more cohesion and trust among members. Group size is a factor in the cohesiveness of the group, as larger groups tend to be more impersonal and thus less cohesive. Finally, success is an important influence, as members of successful groups tend to have a stronger bond and loyalty to one another.Another question about group cohesion in https://brainly.com/question/1383567
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Imagine you are a sales manager and need to tell an employee that his sales numbers have not been very good and he needs to improve them in the next month. Would email be a good choice for this intradepartmental communication? Why or why not?
Answers
Yes, email would be a good choice of telling an employee that his/her sales have not been good.
As just sending a simple email is easy, fast and efficient and it gets the word to that employee as quick as possible
Answer:
Yes, an email would be a good choice of communication. Because then you can alert him/her/them that their sales have not been good this month and have receipts that you gave them a warning.
which application of data mining is in place when the firm identifies big-spending customers and then targets them for special offers and inducements other customers won’t receive?
Answers
One application of data mining that is in place when the firm identifies big-spending customers and then targets them for special offers and inducements other customers won’t receive is called customer segmentation.Customer segmentation is one of the most common applications of data mining.
It is a process that enables a company to divide its customers into groups based on their behavior, preferences, and other characteristics. Once the company has created these groups, it can develop targeted marketing campaigns to each segment based on their needs and preferences.
The process of customer segmentation has several benefits. By dividing its customers into segments, a company can better understand their behavior and preferences. It can also identify the most profitable segments and develop marketing campaigns that will resonate with these customers.
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A reserve is an account
a. Set aside from profit for an unknown liability
b.Of loss from trading activities
c. Of profit from trading activities
d. Set aside from profit for specific purpose
Answers
Answer:
The correct option is;
d. Set aside from profit for specific purpose
Explanation:
A reserve which is a term in accounting to define a portion of the profits of the business set aside to build the financial posture of the company by expanding the business or to grow to an higher operating level
A reserve account which can be referred to as a reserve fund, is an account meant to keep a portion of the business profits to serve a particular purpose in the future.
A group of four friends spends a day at a local theme park, which has just opened a new attraction with very popular rides featuring new technology. They board one of the rides after waiting for over an hour in line, but about five minutes into the ride the electricity fails, and they are stuck on the ride for a half hour. When the ride finally resumes and concludes, they go to the theme park’s guest services department to complain.
What are the facts?
How does the guest feel?
How would you acknowledge the guest’s feelings?
What would be your solution?
How would you follow up with the guest?
Answers
firstly it was totally the system's fault because they can't take risks with electricity in a local theme park as it is a must factor. even if the incident occurred they must have a good backup.
we have already discussed the facts, it was very unpleasant for the guests as they came for enjoying the moment but wasted their time due to system failure and it was very disheartening for all the people gathered there.
acknowledging guests' feelings seems to be very disheartening as they suffered because of the department's negligence and everything that happened was unexpected.
the department should be aware of every basic facility present at that moment and must have options for immediate action if something happens.
Suppose a monopoly firm produces bicycles and can sell 10 bicycles per month at a price of $700 per bicycle. In order to increase sales by one bicycle per month, the monopolist must lower the price of its bicycles by $50 to $650 per bicycle. The marginal revenue of the 11th bicycle is
Answers
Answer:
$150
Explanation:
A monopoly is when there's only one firm operating in an industry
Marginal revenue is the change in revenue when one extra unit of a product is sold.
=( $700 × 10) - (650 × 11) = $150
4. Adam Smith says both buyers & sellers have the __ to behave the way they do in a market. money B. need C. obligation D. incentive
Answers
Adam Smith says both buyers & sellers have the money to behave the way they do in a market. Hence, option A is appropriate.
Who is Adam Smith?Scottish economist, as well as philosopher Adam Smith FRSA, was a prominent figure in the Scottish Enlightenment and a pioneer in the field of political economy.
Modern economics is credited to Adam Smith as its founder. The Wealth of Nations, written by Adam Smith in 1776, is his most well-known work. Philosophers, writers, and economists of the 20th century analyzed Smith's writings.
Adam Smith was one of the first thinkers of his era to assert that money is produced via labor that is productive and that individuals are driven by self-interest to make the most use of their resources.
Hence, option A is correct.
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1. Buyers, sellers, and producers all have someone else they are competing with for economic benefits. This is known as:
O competition
O monopoly
O collusid
O cartels
Answers
Answer:monopoly
Explanation:
vocational collages often
Answers
Offer courses that give practical instruction and training for particular professions or trades. These courses might be diploma or certificate programmes that can be finished faster than a conventional degree.
What exactly is a brief training course?Classes or programmes that span between one day and two years are considered short-term training. You might be able to acquire a job, a promotion, or more money if you do. Programs for short-term training frequently vary as organisations seek out new certifications and skills.
What are courses leading to a quick certification?Courses for Digital Marketing Certification Courses for Cyber Security Certification Courses for Artificial Intelligence Certification Business Analytics Training Programs Courses for Data Science Certification Courses for Cloud Computing Certification Courses for Machine Learning Certification view all of our certification programmes.
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1. Consider the production function Q = (0.5K1/3 + 0.5L1/3)3 . Suppose the firms want to minimize the cost of producing 8 units of output. It pays a wage rate W of $40 and capital cost R of $10. How many units of labor and capital should the firm use?
Answers
Answer:
The answer is "k= 16 units and L=0 units"
Explanation:
Given:
\(Q = (0.5K^{\frac{1}{3}} + 0.5L^{\frac{1}{3}})^3\)
Since K and L are ideal replacements, their company should select its cheapest of two for production. Its business chooses only money.
\(\to Q(K,L)=(0.5 K^{\frac{1}{3}})^3 \\\\\to 8= 0.5K^{(\frac{1}{3})}^3\\\\\to 2= 0.125 \ K \\\\\to K=16\)
\(K=16 \ units \\\\ L=0 \ units\)
Do you have any sales or negotiating experience? Tell me about one sale, or negotiation you completed at your previous position.
Answers
Yes. At my previous position, I was responsible for negotiating contracts with suppliers. One particular negotiation that stands out was when I was able to secure a 10% discount on a large order of supplies by demonstrating our loyalty as a long-term customer and highlighting our consistent business.
The importance of Sales and negotiating skillsSales and negotiating skills are essential in many roles and can make a significant impact on an organization's success.
If you have experience in this area, it's essential to highlight it during job interviews. When discussing a previous sale or negotiation, it's important to provide specific details such as the client's needs and goals, the strategies you employed, and the outcome.
Demonstrating your ability to close a deal, build relationships, and handle objections effectively can give potential employers confidence in your ability to succeed in a sales or negotiation role.
It's also helpful to discuss any challenges you faced and how you overcame them, as this can show your resilience and problem-solving skills.
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"Question 31When under pressure, whether due to time, cost, oravailability of information, managers often made ______decisions.A. maximizingB. minimizingC. rationalizingD. satisfice"
Answers
When under pressure, whether due to time, cost, or availability of information, managers often made satisfice decisions. Answer is option D.
In decision-making, satisfice is a heuristic, a rule of thumb, a mental shortcut, or a practical method that allows an individual to promptly select the option that is satisfactory or "good enough." Managers often make decisions that aren't ideal due to a lack of information, time, or resources, and they frequently resort to satisficing.
Decision-making is a crucial component of management. Managers make decisions on a daily basis that have far-reaching consequences for their organization's future. However, several factors, such as a lack of data, time constraints, or budget restrictions, may prevent managers from making the best decision.
Satisficing is a form of decision-making that results in selecting the first option that appears to be adequate to solve the problem or fulfill the requirement. Answer is option D.
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