What is the chance that she will default

Assignment Help Basic Statistics
Reference no: EM132847238

-Suppose that an individual has the odds of 5.6 that she will default on her credit card payment. What is the chance that she will default? Please round to 4 decimal place. Do not answer in percentage.

-Please rank these four classification models from the most flexible model to the least flexible model: (assume that we have 7 variables)

-Logistic regression with 2 variable

-Logistic regression with 7 variables and interaction terms

-KNN with K=1 using all 7 variables

-KNN with K=3 using all 7 variablesOptions : Logistic regression with 1 variable = ______

Logistic regression with 7 variables and interaction terms = ____

KNN with K=1 using all 7 variables = ____

KNN with K=3 using all 7 variables = _____

Reference no: EM132847238

Questions Cloud

How much is the gain or loss on sale of office equipment : The prevailing interest rate for this type of note is 12%. How much is the gain or loss on sale of office equipment in 2018
What is the probability that at most 7 of orders : You are the manager of the local Burger King branch in your town.
Plan how you will structure your ideas for your report : Plan how you will structure your ideas for your report and write a report plan before you start writing and The report should consist of the given structure
Estimate the percentage of millennials : According to a report published by the Pew Research Center in 2012, 68% of Millennials (Americans in their teens and 20s) think that their generation has a uniq
What is the chance that she will default : -Suppose that an individual has the odds of 5.6 that she will default on her credit card payment. What is the chance that she will default?
Calculate the missing amounts : Suppose a local company has the following balance sheet accounts. Calculate the missing amounts assuming the business has total assets of $31,500
Give an example of a joint event : A survey of employed adults conducted online by Harris Interactive on behalf of the American Psychological Association revealed the following
Explore data management techniques : Explore data management techniques and apply when and where applicable and Effectively report and communicate findings to a business audience
Present value random variable of a 10-year deferred : The following continuous policies with benefits payable at the moment of death are issued to (55): Z1= Present value random variable of a 10-year deferred

Reviews

Write a Review

Basic Statistics Questions & Answers

  Proportion of women and men businesses fail

Give the P-value for the test of the hypothesis that the same proportion of women's and men's businesses fail. (Use the two-sided alternative).

  Confidence interval for the population mean

(c) For each sample, construct a standard 95% confidence interval for the population mean. What is the actual coverage probability for the method with this population and design?

  Write the data provided in probability form

a) Write the data provided in probability form and write the complements.

  Complete a pareto chart using the following data include

complete a pareto chart using the following data. include the chart graph and the data table and data information with

  Find the estimated gold medal time

Find the estimated gold medal time for 1932. Find the estimated time for 1984.

  Suppose a random sample of 8 stores from which merchandise

the probability that merchandise stolen from a store will be recovered is 15. suppose a random sample of 8 stores from

  Probability of getting rain during next thirty days

What are the chances of getting 15 days of rain during the next 30 days? What do you think about Joe's assumptions concerning the weather for the next 30 days?

  Explain which parts of sample space are being double counted

Explain which parts of the sample space are being double counted on both sides of this equation and which parts are being counted once.

  Prove-probability distribution of the quantity is binomial

For each of the following uncertain quantities, discuss whether it is reasonable to assume that the probability distribution of the quantity is binomial.

  Manufacturer of celsius thermometers

Using Excel, A manufacturer of Celsius thermometers claims the thermometers they produce have an average (mean) reading of 0 degrees Celsius

  What do you conclude about professor stickler

Professor Stickler always grades "on the curve." "Yes, I see to it that my grades are distributed as 7 percent A's, 24 percent B's, 38 percent C's.

  What is quantum cryptography

What is quantum cryptography? How does it work? What is one of the main goals of quantum cryptography?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd