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An Automobile Finance Company Analyzed a Sample of Recent Automobile

question 48

Multiple Choice

An automobile finance company analyzed a sample of recent automobile loans to try to determine key factors in identifying borrowers who would be likely to default on their auto loan. The response variable Default equals 1 if the borrower defaulted during the term of the loan and 0 otherwise. The predictor variable AutoDebt% was the ratio (expressed as a percent) of the required loan payments to the borrower's take-home income at the time of purchase. JobTime was the number of years the borrower had worked at their current job at the time of purchase. CredScore was the borrower's credit score at the time of purchase. Below is part of the classification tree the finance company derived from the data collected in the study. Assume they classify those with a default probability estimate of at least .5 as Defaulters. Based on this classification tree, a member of the study sample who had a credit score of 667, been at their current job for 3 years, took out a loan with payments equaling 13% of their income, and did not default would be

Understand the structural and functional characteristics of endocrine glands.

Comprehend the general mechanisms and effects of hormone action in the body.

Identify major endocrine glands and their associated hormones.

Understand the regulation and control of hormone production and secretion.

Definitions:

If-else Statement

A conditional statement in programming that executes a block of code if a specified condition is true and another block if the condition is false.

Compound Statement

A block of statements enclosed within curly braces {} in programming languages, allowing for multiple statements to be treated as a single statement.

If-else Statement

A control flow statement that executes a block of code if a specified condition is true, and another block if the condition is false.

Repetitions

The action or process of repeating something like operations or instructions in programming, often implemented using loops.