14. The following data are known about the sample applicant:
Years at Employer: 12.44
Years at Address: 0.9
CC debt: -34,228
Auto debt: -23,411
To convert above inputs to standardized form, locate the Training Set Spreadsheet (first 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 (last tab on bottom) Spreadsheet
Use the Test Set standard deviation of error on standardized outputs of .6750
Question: With 50% confidence, what is the range of profitability?
- Range from $13,304.16 to $8,063.06.
- Range from $12,962.61 to $10,683.61
- Range from $11,823.28 to $9,543.94
- Range from $10,683.61 to – $2,278.99