A financial institution wants to explore the relationship between a loan application approval time and the independent

Question:

A financial institution wants to explore the relationship between a loan application approval time and the independent variables of the annual salary of the applicant and years of employment.


  • What is the equation of a regression model?


  • In order to satisfy governmental regulations, the institution wishes to determine if gender has an impact on approval time. What is the model now? What hypothesis would you test to establish no impact of gender?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: