Below Gives the Data Concerning (1) the Dependent Variable Default

question 79

Multiple Choice

Below gives the data concerning (1) the dependent variable Default which equals 1 if a customer defaults on their loan and 0 if they do not; (2) the independent variable Price of Home, which is the price of the home (in hundred tens) and (3) the independent variable First Purchase which equals 0 if the customer has owned a home before and 1 if this is their first home. Evaluate the significance of each independent variable in the model.

• A) Intercept = −3.4592 significant, price of home = .70935 significant
• B) Intercept = −3.492 not significant, first purchase of home = .70935 not significant
• C) Price of home is significant p-value = .0201, first purchase is significant p-value = .0136
• D) Price of home is significant p-value = .0136, first purchase is significant p-value = .201

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