Ex Consider a credit card company that has a database of information provided by its customers...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/665bc47c4d5c3_107665bc47bdde35.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/665bc47cd94ab_108665bc47c77b7f.jpg)
Transcribed Image Text:
Ex Consider a credit card company that has a database of information provided by its customers when they apply for credit cards. An analyst has rated a multiple regression model for which the dependent variable in the model is credit card charges accrued by acti the dataset over the past year (y), and the independent variables are the customer's annual household income in thousands of dollars), number of members of the household (x) and number of years of post high school education (x). The figure provides Excel output for a multiple regression model estimated using a data set the company created. A SUMMARY OUTPUT 2 3 Regras Static M 324 5 RS Adjusted Square T Standard 3363162 4347 Observations 5.000 1 ANOVA 12 11 14 15 16 17 Hold . 4999 P C D E F 55 MS F Significance 47247 23 1341 5000 254672 4.20 Coeficient Standard P 2016 754556 120314 53314602 24301 33 13830 SOME 0000 O Years of Post High School Education-6324 - (a) the corresponding simple near regression with the atom's ad income in thesands of datars as the independent variable and credit card charges aced by a customer over the past year as the dependent variable (y) and your numenical values to the decimal places P=2001.639-120.632 Interpret the timed stationship between the castomer's annual household income and credit card charges accrued over the past year. Asual income decreases by $1,000, the credit card charges accrued by the customer over the past year all be highe O'lim decreases by $1,000, the credit card charges accrued by the customer over the past year all remained As a customer's annual income is by $1,000, the credit cart charges accrued by the customer over the past year will be higher O'lim by 1,000, the credit card changes acced by the customer over the past year Ex Consider a credit card company that has a database of information provided by its customers when they apply for credit cards. An analyst has rated a multiple regression model for which the dependent variable in the model is credit card charges accrued by acti the dataset over the past year (y), and the independent variables are the customer's annual household income in thousands of dollars), number of members of the household (x) and number of years of post high school education (x). The figure provides Excel output for a multiple regression model estimated using a data set the company created. A SUMMARY OUTPUT 2 3 Regras Static M 324 5 RS Adjusted Square T Standard 3363162 4347 Observations 5.000 1 ANOVA 12 11 14 15 16 17 Hold . 4999 P C D E F 55 MS F Significance 47247 23 1341 5000 254672 4.20 Coeficient Standard P 2016 754556 120314 53314602 24301 33 13830 SOME 0000 O Years of Post High School Education-6324 - (a) the corresponding simple near regression with the atom's ad income in thesands of datars as the independent variable and credit card charges aced by a customer over the past year as the dependent variable (y) and your numenical values to the decimal places P=2001.639-120.632 Interpret the timed stationship between the castomer's annual household income and credit card charges accrued over the past year. Asual income decreases by $1,000, the credit card charges accrued by the customer over the past year all be highe O'lim decreases by $1,000, the credit card charges accrued by the customer over the past year all remained As a customer's annual income is by $1,000, the credit cart charges accrued by the customer over the past year will be higher O'lim by 1,000, the credit card changes acced by the customer over the past year
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
Evaluating profit impact of alternative transfer decisions (adapted from CM A exam). Keller Company manufactures a line of men's colognes and after-shave lotions. The firm manufactures the products...
-
Water Movers, Inc. is known throughout the world for its H2O-X high-capacity water pump, used in irrigation systems. The company uses a standard costing system, and the pump's standard cost is as...
-
With a single sample t-test the ________ is not known Question 6 options: sample standard deviation population standard deviation population mean sample mean
-
A mixture containing 65.0 mole% acetone (Ac) and the balance acetic acid (AA) is separated in a continuous distillation column at 1 atm. A flowchart for the operation is as follows: The overhead...
-
Based on the literature, discuss the sales strategy used by the Branded/ Luxury Products Industry. You need to provide justification and support with a source. * You can choose your literature that...
-
(3) Prove that the law of motion of capital per effective worker in the Solow-Swan model with labor-augmenting technology is = - kts f(kt) (8+n+g)kt, Kt where yt = f(kt) = F(kt, 1) = F( KK, 1), kt =...
-
Part 3 - Coding Exercise: Decoding a Message from a Text File In this exercise, you will develop a function named `decode(message_file)`. This function should read an encoded message from a .txt file...
-
3. Given the normal market demand function, Qd = 680 -1.25P, answer the four questions (a. through d.) below. a. What is the maximum number of units of output demanded in this market (i.e. at what...
-
Raj Steel Traders Limited Raj Steel Traders Limited purchases the products and sells to the customer with a minimal process at their end and falls under the category of trading firm. The primary...
-
A spur gear reducer has a 20-tooth pinion driven by a 1200 rpm electric motor and a 38-tooth gear that drives a load. The system is designed to run 5 days/week, 8 hours/day for 5 years. The...
-
. 1. TVM and bond valuation questions Your case company has just made a large sale on an instalment contract. The contract requires the customer to pay your case company the amount shown in Table 1...
-
Payless Department Store had the following transactions during the year: Expanded Accounting Equation 1. Purchased inventory on account. 2. Sold merchandise for cash, assuming a profit on the sale....
-
Post the journal entires prepared in Exercise 3-7 to T-accounts, and determine the final balance for each account. (Assume all beginning account balances are zero.)
-
For each account listed in Exercise 3-4, indicate whether it would normally have a debit (DR) balance or a credit (CR) balance.
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App