In a scorecard development, analysis has taken place on the characteristic Income. The application form had the following question:
In a scorecard development, analysis has taken place on the characteristic Income. The application form had the following question:
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
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+
4K
10K
15K
25K
The scorecard is designed to generate scores between 100 and 600.
In the modelling, the possible scores for this characteristic were calculated as follows:
Income
1K – 4K
5K – 10K
10К - 15K
-13
14
15K – 25K
29
25K+
51
No Response
-22
List weaknesses of this possible scorecard characteristic and of its data collection.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F686aabbb-0c78-4c75-8ccf-5ddc54898683%2Fa6376627-b2ab-45a9-be58-65f17a996f48%2Fsxrcspk_processed.png&w=3840&q=75)
Transcribed Image Text: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+
4K
10K
15K
25K
The scorecard is designed to generate scores between 100 and 600.
In the modelling, the possible scores for this characteristic were calculated as follows:
Income
1K – 4K
5K – 10K
10К - 15K
-13
14
15K – 25K
29
25K+
51
No Response
-22
List weaknesses of this possible scorecard characteristic and of its data collection.
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