TB MC Qu. 12-13 (Algo) A new applicant, age...A new applicant, age 32, is applying for a loan. Using the tablebelow, what is the estimated probability the loan will default usingk-NN with k= 3.Record123456Multiple ChoiceOOOAge342431324453O100%33%67%0%MaritalMarried.OtherSingleOtherOtherOtherLoan$4,700.00$ 24,000.00$ 10,000.00$6,000.00$ 17,000.00$ 14,000.00RiskHighLowMediumMediumLowMediumDefaultNoYesYesYesYesNo

New applicant age =32k=3The data set isRecordAgeMaritalLoanRiskDefault134Married$…

Answered: A new applicant, age 32, is applying…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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here is a 0.9988 probability that a randomly selected 28-year-old male lives through the year. A life insurance company charges $176 for insuring that the male will live through the year. If the male does not survive the year, the policy pays out $80,000 as a death benefit. Complete parts (a) through (c) below. a. From the perspective of the 28-year-old male, what are the monetary values corresponding to the two events of surviving the year and not surviving? b. If the 28-year-old male purchases the policy, what is his expected value? c. Can the insurance company expect to make a profit from many such policies? Why?
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es The Internal Revenue Service is studying the category of charitable contributions. A sample of 25 returns is selected from young couples between the ages of 20 and 35 who had an adjusted gross income of more than $100,000. Of these 25 returns, five had charitable contributions of more than $1,000. Four of these returns are selected for a comprehensive audit. a. The hypergeometric distribution is appropriate because it is Osampling a small population without replacement. O sampling a small population with replacement. O sampling a large population without replacement. b. What is the probability exactly one of the four audited had a charitable deduction of more than $1,000? (Round your answer to 4 decimal places.) Probability
44 Mc Graw Hill A new applicant, age 32, is applying for a loan. Using the table below, what is the estimated probability the loan will default using k = 3. Record 1 2 3 4 6 Age 34 24 31 32 44 53 Multiple Choice с 100% 66% 33% 0% Marital Married Other Other Other Other Married Loan $ 5,100.00 $ 22,000.00 $ 14,000.00 $ 20,000.00 $ 14,000.00 $ 17,000.00 Risk High Medium Low Low Low Low
Suppose best buy offers an extended warranty for $25 on an electronic device whose value is $250. Suppose best buy estimates the probability the item will be returned for a claim on that warranty is 5%. Assume that if an item is returned, best buy will refund the $250 purchase price. What is best buys expected value on the warranty?
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