The following data are known about the sample applicant:

15. The following data are known about the sample applicant:

Age: 42.00

Years at Employer: 12.44

Years at Address: 0.9

Income: $121,400

CC debt: -34,228

Auto debt: -23,411

To convert above inputs to standardized form, locate the Training Set Spreadsheet (bottom tab) in the Data for Final Project Workbook.

Use those means [Cells C207:H207] and standard deviations [Cells C209:H209].

Use the Training Set profitability mean [$1,905.51] and standard deviation [$5755.91] from the Profit and Loss (bottom tab) Spreadsheet

Use the Test Set standard deviation of error on standardized outputs of .6750 .

Question: With 99% confidence, what is the range of profitability?

 

  • Range from $10,683.61 to -$8,704.31
  • Range from $19,388.27 to 10,683.61.
  • Range from $16,388.27 to -$7,704.31
  • Range from $20,691.32 to $675.90.
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