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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 – 10K – 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 -13 10K – 15K 14 15K – 25K 29 25K+ 51 No Response -22 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 – 10K – 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 -13 10K – 15K 14 15K – 25K 29 25K+ 51 No Response -22 List weaknesses of this possible scorecard characteristic and of its data collection.

MATLAB: An Introduction with Applications
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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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 – 10K – 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 -13 10K – 15K 14 15K – 25K 29 25K+ 51 No Response -22 List weaknesses of this possible scorecard characteristic and of its data collection.
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 – 10K – 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 -13 10K – 15K 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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