Use the Histogram tool to develop a frequency distribution and histogram for the number of months as
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Use the Histogram tool to develop a frequency distribution and histogram for the number of months as a customer of the bank in the Excel file Credit Risk Data. Use your judgment for determining the number of bins to use. Compute the relative and cumulative relative frequencies and use a line chart to construct an ogive.
DistributionThe word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Credit Risk Data Loan Purpose Months Customer Small Appliance 13 Furniture 25 New Car 19 Furniture 13 Education 40 Furniture 11 New Car 13 Business 14 Small Appliance 37 Small Appliance 25 Business 49 ...View the full answer
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