# Question: For problem 17 3 suppose an applicant has 54 000 in assets

For problem 17-3, suppose an applicant has $54,000 in assets, $10,000 of debt, and a family of four. How would you classify this applicant? In this problem and the preceding one, be careful to interpret the sign of the score correctly.

## Answer to relevant Questions

The following data are the total 1-year return, in percent, for 10 midcap mutual funds: 0.7, 0.8, 0.1, -0.7, -0.7, 1.6, 0.2, -0.5, -0.4, -1.3 Find the median and the 20th, 30th, 60th, and 90th percentiles. Find the mean, median, and mode(s) of the observations. 0.7, 0.8, 0.1, -0.7, -0.7, 1.6, 0.2, -0.5, -0.4, -1.3 Find the range, the variance, and the standard deviation of the data set. 12.5, 13, 14.8, 11, 16.7, 9, 8.3, -1.2, 3.9, 15.5, 16.2, 18, 11.6, 10, 9.5 Check the applicability of Chebyshev's theorem and the empirical rule for the data set in problem 1–17. In problem 23, 26, 29, 30, 32, 34, 37, 45, 57, 80, 102, 147, 210, 355, 782, 1,209 Why should you use a holdout data set and try to use the discriminant function for classifying its members? How would you go about doing this?Post your question