Compute the standard error of estimate (s yx ) for the least squares line you produced in
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Compute the standard error of estimate (syx) for the least squares line you produced in Exercise 68. Trenton Bank has a scoring system that it uses to evaluate new loan applications. You’ve been tracking the number of late or missed payments for a sample of “high risk” customers who received loans and have had scheduled payments over the past 60 months. The table below shows the number of late or missed payments and the credit scores for the four customers in the study.
Transcribed Image Text:
Late or Missed Payments 15 Credit Score 220 340 300 260 10 14
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Related Book For
Understanding Business Statistics
ISBN: 978-1118145258
1st edition
Authors: Stacey Jones, Tim Bergquist, Ned Freed
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