Question
Use discriminant analysis to classify the accompanying new records using only Credit Score and Years of Credit History as input variables. Click here to view
Use discriminant analysis to classify the accompanying new records using only Credit Score and Years of Credit History as input variables. Click here to view the credit approval data. Click here to view the new records. Complete the following table. (Round to four decimal places as needed.) Homeowner Credit Score Years of Credit History Revolving Balance Revolving Utilization Discriminant Score Decision 593 Y 5 $21,000 15% N 541 10 $4,000 90% Y 538 1 $8,500 25% N 715 11 $16,300 70% N 616 6 $2,500 90% Y 574 2 $16,700 18% Homeowner Credit Score Years of Credit History Revolving Balance ($) Revolving Utilization (%) Decision 593 5 21000 15 N 541 10 4000 90 Y 538 1 8500 25 N 715 11 16300 70 N 616 6 2500 90 Y 574 2 16700 18 Homeowner Credit Score Years of Credit History Y 725 Y 573 9 Revolving Balance ($) 11320 7200 Revolving Utilization (%) Y 677 11 20000 N 625 15 12800 N 527 12 5700 Y 795 22 9000 N 733 7 35200 N 620 5 22800 Y 591 17 Y 660 24 Y 700 19 Y 500 16 22000 12500 Y 565 6 16500 9200 7700 Decision Approve 70 Reject 55 Approve 65 Reject 75 Reject 12 Approve 20 Approve 62 Reject 50 Reject 35 Approve 18 Approve 83 Reject 70 Reject 25 N 620 3 37400 Y 774 13 Y 802 10 N 640 N 523 14 27000 Y 811 20 13400 N 763 2 11200 N 555 4 N 617 9 Y 642 13 N 688 3 Y 649 12 Y 695 15 Y 701 9 11700 N 635 7 29100 N 507 Y 677 12 N 485 5 N 582 Y 699 17 Y 703 22 10000 N 585 18 31000 Y 620 8 16200 Y 695 16 Y 774 13 Y 802 10 N 640 7 17300 N 536 14 27000 Y 801 20 760 N 567 N 600 10 Y 702 11 4 6100 10500 17300 2500 8400 16000 3300 7500 20300 2000 7600 1000 8500 12800 9700 6100 10500 13400 11200 2200 12050 11700 59 Reject 79 Reject 3 Approve 70 Reject 100 Reject 34 Reject 25 Approve 11 Approve 5 Approve 22 Approve 15 Approve 85 Reject 100 Reject 9 Approve 80 Reject 65 Reject 27 Approve 20 Approve 78 Reject 55 Reject 11 Approve 7 Approve 5 Approve 59 Reject 79 Reject 3 Approve 70 Reject 95 Reject 81 Reject 87 Reject 7 Approve 5 Approve 15 Approve Y 636 8 29100 N 509 3 N 595 18 29000 Y 733 15 13000 2000 85 Reject 100 Reject 78 Reject 24 Approve
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started