Question

Plot the data and show the least squares line and the corresponding estimated regression equation. Given the line you’ve drawn, about how much does the number of late or missed payments appear to fall as credit score increases by 100 points?
Trenton Bank has a scoring system that it uses to evaluate new loan applications. You’ve been tracking the number of late or missed payments for a sample of “high risk” customers who received loans and have had scheduled payments over the past 60 months. The table below shows the number of late or missed payments and the credit scores for the four customers in the study.


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  • CreatedJuly 16, 2015
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