I have a set of data (7 variables) that are used as input to ultimately making a decision to approve or not approve something. I've generated two discriminant functions that I'm happy with - one for Approval and one for Not Approval, but now realize I'm missing a good understanding of the last step.
Taking a new record, I obviously solve the discriminant function for Approval and get a value, and the same thing for the Not Approve function. But how do I actually decide whether that record should be approved or not? I feel like this is an obvious question, but the textbook I'm referencing and the articles I've read don't directly address this.