Question: please help with this question A new applicant, age 45 , is applying for a loan. Using the table below, what is the estimated probability

please help with this question

A new applicant, age 45 , is applying for a loan. Using the table below, what is the estimated probability the loan will be approved? k=4. Mulepe Chalse The probsbie celaitt rile is 25 s, the loon wit be declined

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

I'm supposed to apply the KNN Method in excel to answer the question but I can't figure out how to account for the categorical variables. A new applicant, age 45, is applying for a loan. Using the...

1. Using the following table, which k should be used in the subsequent calculations? k % Misclassification 1 10.66666865 2 10.33333194 3 9.33333289 4 9.33333248 5 9.60 6 11.66666735 7 11.33333138 8...

A researcher is preparing data for a k -fold cross-validation. The number of groups the sample data is to be split into is 10. What would k equal in a 10-fold cross-validation? k = 1 k = 5 k = 10 k...

A new applicant, age 45, is applying for a loan. Using the table below, what is the estimated probability the loan will be approved using K-nearest neighbors method? k = 4. Record Age Marital Loan...

A new applicant, age 45, is applying for a loan. Using the table below, what is the estimated probability the loan will be approved? k = 4. Record Age Marital Loan Risk Default 1 34 Other $ 5,100.00...

A new applicant, age 45, is applying for a loan. Using the table below, what is the estimated probability the loan will be approved?k=4. Record 1 2 3 o un . Age 34 24 49 32 44 53 Marital Loan Single...

A new applicant, age 4 5 , is applying for a loan. Using the table below, what is the estimated probability the loan will be approved? k = 4 . The probable default rate is 2 5 % , the loan will be...

A new applicant, age 45, is applying for a loan. Using the table below, what is the estimated probability the loan will be approved?k= 4. Age 34 Default Yes Record 1 2 3 4 5 6 WN 24 49 32 44 53...

PLEASE ANSWER, WILL RATE age. 1. Using the table below, find the k-nearest neighbor for record 4 using k= 3 for Record Age Marital Loan Risk 1 34 2 24 3 31 Single $5,000.00 High Married $15,000.00...

. A new applicant, age 32, is applying for a loan. Using the table below, what is the estimated probability the loan will default using k = 3. Record Age Marital Loan Risk Default 34 Single $5,000.00...

Equity Financing Life Insurance Company is headquartered in Miami, Florida. The company is very large, so it operates an enormous mainframe computer system. Recently, a group of political radicals...

If interest rates have no effect on investment, how much crowding out will occur?

After five years of owning a lawn equipment sales and repair shop, Peter Freeman s business, Cut - Rite Lawn Equipment, has expanded and he now has three locations. Based on the advice of both his...

When older adults have difficulty with transportation and communication, or may be reluctant to request needed assistance to which they are entitled, they may be in need of: Group of answer choices...