A mortgage company likes to be able to decide on 2 interest rates for new loan applicants

as follows: interest rate of 5% for high risk applicants, and interest rate of 3% for low

risk applicants. You are being asked to lead this project. Provide a comprehensive end-

to-end plan for this project. Include all the necessary steps from the beginning to the end.

Make any necessary assumptions and define notations. Give a comprehensive description

of the Data Analytics & Machine Learning algorithm(s) as well as the related formulas

you will use for this project (this is the fundamental part of your role in this project).

Provide a detail description of the algorithm(s) and how does it work. Please put your

answer in the format of Step 1, Step 2 ...