List weaknesses of this possible scorecard characteristic and of its data collection. In a scorecard development, analysis has taken place on the characteristic Income.The application form had the following question:What is your Income? Tick the appropriate box.1K -5K –10К -15K -25K+4K10K15K25KThe scorecard is designed to generate scores between 100 and 600.In the modelling, the possible scores for this characteristic were calculated as follows:Income1K – 4K5K – 10K10К - 15K-131415K – 25K2925K+51No Response-22List weaknesses of this possible scorecard characteristic and of its data collection.

Given information: The data collected on income is given.

Answered: In a scorecard development, analysis…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

Why is it important to report both a measure of central tendency and variability to describe a set of scores? Group of answer choices Sets of data with different central tendencies may have different patterns of variability. Sets of data with the same central tendency may have the same patterns of variability. Sets of data with the same variability may have different patterns of central tendency. Sets of data with the same central tendency may have different patterns of variability.
A magazine reports that women trust recommendations from a particular social networking site more than recommendations from any other social network platform. But does trust in this social networking site differ by gender? The following sample data show the number of women and men who stated in a recent sample that they trust recommendations made on this particular social networking site. Women Men Sample 150 170 Trust RecommendationsMade on the social networking site 117 102 (a) What is the point estimate of the proportion of women who trust recommendations made on this particular social networking site? (b) What is the point estimate of the proportion of men who trust recommendations made on this particular social networking site? (c) Provide a 95% confidence interval estimate of the difference between the proportion of women and men who trust recommendations made on this particular social networking site. (Round your answers to four decimal places.) to
Given the data: 1, 4, 3, 5, 4, Its Variance value is 2 3 4
Illustrate the sample covariance of a sample with itself?
What steps does Statistics Canada take to ensure data is free from bias and how is this data collected? What criticism could be aimed at Statistics Canada? How might these criticisms affect the potential reliability of any conclusions based on the data?
5. Websites like e-rewards give airline miles or other awards to members who fill out surveys online. Members must be invited by a company such as an airline to participate and once they are a member, they will receive invitations for surveys based on qualification criteria. Discuss an advantage and a disadvantages of this data collection method. Briefly explain your choice. Advantage: Disadvantage:
A data set for analysis includes only one attribute X: X = {7, 12, 5, 18, 5, 9, 13, 12, 19, 7, 12, 12, 13, 3, 4, 5, 13, 8, 7, 6}. (a) What is the mean of the data set X? (b) What is the median? (c) What is the mode, and what is the modality of the data set X? (d) Find the standard deviation for X. (e) Give a graphical summarization of the data set X using a boxplot representation. (f) Find outliers in the data set X. Discuss the results. (Please don't give handwritten solution)
I want to assess the effects of diet (control diet, high-sugar diet, high-fat diet) and exercise (no voluntary running wheel, voluntary running wheel) on time spent in a target quadrant (more time indicates better memory). I record the percent time spent in a target quadrant for 30 mice and obtain the following data: Control Diet High-sugar Diet High-fat diet No running wheel 15, 28, 29, 30, 25 24, 20, 30, 32, 20 19, 23, 22, 23, 25 Running wheel 30, 34, 35, 44, 32 21, 22, 28, 26, 29 30, 32, 28, 19, 26 What type of factorial design is this? (ex: # x #) ______________ What is the critical F value you’ll be making a decision based on (assume alpha = .05)? Diet: ____ Exercise: _____ Interaction: ______
How do the average weekly incomes of electricians and carpenters compare? A random sample of 17 regions in the United States gave the following information about average weekly income (in dollars). (Reference: U.S. Department of Labor, Bureau of Labor Statistics.) Region 1 2 3 4 5 6 7 8 9 Electricians 464 715 597 464 736 694 744 571 806 Carpenters 542 813 513 476 688 503 789 653 474 Region 10 11 12 13 14 15 16 17 Electricians 592 594 702 579 868 598 597 654 Carpenters 489 647 676 384 817 605 556 505 Does this information indicate a difference (either way) in the average weekly incomes of electricians compared to those of carpenters? Use a 5% level of significance. (a) What is the level of significance? (b) Compute the sample test statistic. (c) Find the P-value of the sample test statistic.
Define the term Penal data?
The personality characteristics of business leaders (e.g., CEOS) are related to the operations of the businesses that they lead (Oreg & Berson, 2018). Traits like openness to experience are related to positive financial outcomes and other traits are related to negative financial outcomes for their businesses. Suppose that a board of directors is interested in evaluating the personality of their leadership. Among a sample of n = 16 managers, the sample mean of the openness to experiences dimension of personality was M = 4.50. Assuming that u = 4.24 and o = 1.05 (Cobb-Clark & Schurer, 2012), use a two-tailed hypothesis test with a = .05 to test the hypothesis that this company's business leaders' openness to experience is different from the population. Standard Normal Distribution Mean - 0.0 Standard Deviation 1.0 .7198 .1401 .1401 -3.0 -2.0 -1.0 0.0 1.0 2.0 3.0 -1.08 1.08 Step 1. Ho: ; H;: a = .05. Step 2. The critical region consists of Step 3. For these data the standard error is and…
a) Briefly discuss the strengths and weaknesses of correlation coefficients along with the basic sentiment as to what correlation coefficients portray. b) Explain the use of spreadsheet software in business and apply this to the work of a MANAGEMENT accountant. c) State how index numbers can be useful along with their main features, complete with at least TWO examples of an index in use.

SEE MORE QUESTIONS

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

The Basic Practice of Statistics

Statistics

ISBN:

9781319042578

Author:

David S. Moore, William I. Notz, Michael A. Fligner

Publisher:

W. H. Freeman

Introduction to the Practice of Statistics

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS

In a scorecard development, analysis has taken place on the characteristic Income. The application form had the following question: