Homework Help is Here – Start Your Trial Now!
Math
Statistics
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
See similar textbooks
icon
Related questions
Question
100%
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.
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
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 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…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
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
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