Question: Reconsider Problem 2.16. Using all the data (unpartitioned) on the Clean Data worksheet tab rescaled with standardization, apply the KNN algorithm with k = 10

Reconsider Problem 2.16. Using all the data

(unpartitioned) on the Clean Data worksheet tab rescaled with standardization, apply the KNN algorithm with k = 10 to this problem to classify each of the following applicants as either likely to default (defined as more than a 10 percent chance of default) or not likely to default (defined as a 10 percent chance of default or less). Also indicate the estimated probability of default for each.

a. The loan applicant has an annual income of

$54,000 and a credit rating of 750.

b. The loan applicant has an annual income of

$112,000 and a credit rating of 630.

c. The loan applicant has an annual income of

$87,000 and a credit rating of 690.

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