What is the chance that she will default

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-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

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