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Using the accompanying Credit Approval Decisions data, find 95% prediction intervals for the credit scores and revolving balance of homeowners and non-homeowners. How do they
Using the accompanying Credit Approval Decisions data, find 95% prediction intervals for the credit scores and revolving balance of homeowners and non-homeowners. How do they compare?
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The 95% prediction interval for the credit scores of homeowners is
[518.87,860.
(Use ascending order. Type integers or decimals rounded to three decimal places as needed.)
The 95% prediction interval for the credit scores of non-homeowners is
[435.028,768.528].
(Use ascending order. Type integers or decimals rounded to three decimal places as needed.)
The 95% prediction interval for the revolving balance of homeowners is
[1407.787,24548.576].
(Use ascending order. Type integers or decimals rounded to three decimal places as needed.)
The 95% prediction interval for the revolving balance of non-homeowners is
[negative 11090.410,38073.743].
(Use ascending order. Type integers or decimals rounded to three decimal places as needed.)
Compare the intervals.
For credits scores, the homeowner's center is the center for non-homeowners. The width of the interval for homeowners is the width of the interval for non-homeowners.
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For the revolving balance, the homeowner's center is the center for non-homeowners. The width of the interval for homeowners is the width of the interval for non-homeowners.
_________________
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