Use discriminant analysis to classify the accompanying new records using only Credit Score and Years of Credit History as input variables. Click here to view the credit approval data. Click here to view the new records. Complete the following table. (Round to four decimal places as needed.) Homeowner Credit Score Years of Credit History Revolving Balance Revolving Utilization Discriminant Score Decision Y 548 5 662 724 704 Y N 12 14 $21,000 $4,000 $8,500 $16,300 15% 90% 25% 70% ▶
Use discriminant analysis to classify the accompanying new records using only Credit Score and Years of Credit History as input variables. Click here to view the credit approval data. Click here to view the new records. Complete the following table. (Round to four decimal places as needed.) Homeowner Credit Score Years of Credit History Revolving Balance Revolving Utilization Discriminant Score Decision Y 548 5 662 724 704 Y N 12 14 $21,000 $4,000 $8,500 $16,300 15% 90% 25% 70% ▶
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Use discriminant analysis to classify the accompanying new records using only Credit Score and Years of Credit History as input variables.
Click here to view the credit approval data. Click here to view the new records.
Complete the following table.
(Round to four decimal places as needed.)
Homeowner Credit Score Years of Credit History Revolving Balance Revolving Utilization Discriminant Score Decision
Y
548
5
N
662
4
Y
724
12
N
14
N
Y
704
592
684
New Records
9
15
$21,000
$4,000
$8,500
$16,300
$2,500
$16,700
N
Y
N
N
Y
548
662
724
704
592
684
5
4
15%
90%
25%
70%
90%
18%
Homeowner Credit Score Years of Credit History Revolving Balance Revolving Utilization Decision t
Y
12
14
9
15
Print
$21,000
$4,000
$8,500
$16,300
$2,500
$16,700
000000
Done
PEPPE
Y
15%
90%
25%
70%
90%
18%
Y
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