Exhibit 10.3
The information below is used for the following questions.
A loan officer wants to determine if people will be late in making loan payments. She has information of 18 current loans including the applicants income, level of assets and whether or not the person has been late on payments. She has performed an analysis on the data and obtained the output shown below.
-Refer to Exhibit 10.3. Compute the discriminant score and predicted group for someone with an income of 65 and assets of 11.

Question

Exhibit 10.3
The information below is used for the following questions.
A loan officer wants to determine if people will be late in making loan payments. She has information of 18 current loans including the applicants income, level of assets and whether or not the person has been late on payments. She has performed an analysis on the data and obtained the output shown below.  ​  ​  ​  ​  ​  ​  ​
-Refer to Exhibit 10.3. Compute the discriminant score and predicted group for someone with an income of 65 and assets of 11.

Quizplus · Accepted Answer

The Answer of Exhibit 10.3
The information below is used for the following questions.
A loan officer wants to determine if people will be late in making loan payments. She has information of 18 current loans including the applicants income, level of assets and whether or not the person has been late on payments. She has performed an analysis on the data and obtained the output shown below.  ​  ​  ​  ​  ​  ​  ​
-Refer to Exhibit 10.3. Compute the discriminant score and predicted group for someone with an income of 65 and assets of 11.

Exhibit 10.3 The Information Below Is Used for the Following Questions