>LCPO< FUND OF STATISTICS
5th Edition
ISBN: 9781034509998
Author: Sullivan
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Textbook Question
Chapter 4.1, Problem 26AYU
Credit Scores Your Fair Isaacs Corporation (FICO) credit score is used to determine your creditworthiness. It is used to help determine whether you qualify for a mortgage or credit and is even used to determine insurance rates. FICO scores have a
Credit Score | Interest Rate (percent) |
545 | 18.982 |
595 | 17.967 |
640 | 12.218 |
675 | 8.612 |
705 | 6.680 |
750 | 5.150 |
Source: www.myfico.com |
- a. Which variable do you believe is likely the explanatory variable and which is the response variable?
- b. Draw a
scatter diagram of the data. - c. Determine the linear
correlation coefficient between FICO score and interest rate on a 36-month auto loan. - d. Does a linear relation exist between the FICO score and interest rate?
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
Help
A school uses percentages for grades instead of letters. What are the benefits of using a histogram to
display student grades? Explain your answer using complete sentences.
UPLOAD
WRITER
Determine whether the data is from a primary or secondary source.
Primary
Secondary
Chapter 4 Solutions
>LCPO< FUND OF STATISTICS
Ch. 4.1 - What is the difference between univariate data and...Ch. 4.1 - The _____ variable is the variable whose value can...Ch. 4.1 - A _____ _____ is a graph that shows the relation...Ch. 4.1 - What does it mean to say two variables are...Ch. 4.1 - If r = _____, then a perfect negative linear...Ch. 4.1 - True or False: If the linear correlation...Ch. 4.1 - A _____ variable is a variable that is related to...Ch. 4.1 - True or False: Correlation implies causation.Ch. 4.1 - In Problems 912, determine whether the scatter...Ch. 4.1 - In Problems 912, determine whether the scatter...
Ch. 4.1 - In Problems 912, determine whether the scatter...Ch. 4.1 - In Problems 912, determine whether the scatter...Ch. 4.1 - NW Match the linear correlation coefficient to the...Ch. 4.1 - Match the linear correlation coefficient to the...Ch. 4.1 - Prob. 15AYUCh. 4.1 - Relation between Education and Birthrate? The...Ch. 4.1 - In Problems 1720, (a) draw a scatter diagram of...Ch. 4.1 - In Problems 1720, (a) draw a scatter diagram of...Ch. 4.1 - In Problems 1720, (a) draw a scatter diagram of...Ch. 4.1 - In Problems 1720, (a) draw a scatter diagram of...Ch. 4.1 - Name the Relation, Part I For each of the...Ch. 4.1 - Prob. 22AYUCh. 4.1 - The TIMMS Exam The Trends in International...Ch. 4.1 - Prob. 24AYUCh. 4.1 - NW An Unhealthy Commute The Gallup Organization...Ch. 4.1 - Credit Scores Your Fair Isaacs Corporation (FICO)...Ch. 4.1 - Height versus Head Circumference A pediatrician...Ch. 4.1 - American Black Bears The American black bear...Ch. 4.1 - Weight of a Car versus Miles per Gallon An...Ch. 4.1 - Hurricanes The data in the next column represent...Ch. 4.1 - CEO Performance The following data represent the...Ch. 4.1 - Bear Markets A bear market in the stock market is...Ch. 4.1 - Does Size Matter? Researchers wondered whether the...Ch. 4.1 - Prob. 34AYUCh. 4.1 - Weight of a Car versus Miles per Gallon Suppose...Ch. 4.1 - American Black Bears The website that contained...Ch. 4.1 - Draw Your Data! Consider the four data sets shown...Ch. 4.1 - Predicting Winning Percentage The ultimate goal in...Ch. 4.1 - Prob. 39AYUCh. 4.1 - Lyme Disease versus Drownings Lyme disease is an...Ch. 4.1 - Prob. 41AYUCh. 4.1 - Prob. 42AYUCh. 4.1 - Crime Rate and Cell Phones The linear correlation...Ch. 4.1 - Prob. 44AYUCh. 4.1 - Influential Consider the following set of data: a....Ch. 4.1 - Prob. 46AYUCh. 4.1 - Prob. 47AYUCh. 4.1 - Prob. 48AYUCh. 4.1 - What does it mean to say that the linear...Ch. 4.1 - What does it mean if r = 0?Ch. 4.1 - Prob. 51AYUCh. 4.1 - Prob. 52AYUCh. 4.1 - Explain the difference between correlation and...Ch. 4.1 - Suppose that two variables, x and y, are...Ch. 4.2 - The difference between the observed and predicted...Ch. 4.2 - If the linear correlation between two variables is...Ch. 4.2 - Prob. 3AYUCh. 4.2 - Prob. 4AYUCh. 4.2 - For the data set a. Draw a scatter diagram....Ch. 4.2 - For the data set a. Draw a scatter diagram....Ch. 4.2 - In Problems 712: a. By hand, draw a scatter...Ch. 4.2 - In Problems 712: a. By hand, draw a scatter...Ch. 4.2 - Prob. 9AYUCh. 4.2 - In Problems 712: a. By hand, draw a scatter...Ch. 4.2 - In Problems 712: a. By hand, draw a scatter...Ch. 4.2 - In Problems 712: a. By hand, draw a scatter...Ch. 4.2 - NW Income and Education In Problem 15 from Section...Ch. 4.2 - You Explain It! Study Time and Exam Scores After...Ch. 4.2 - Age Gap at Marriage Is there a relation between...Ch. 4.2 - You Explain It! CO2 and Energy Production The...Ch. 4.2 - NW An Unhealthy Commute (Refer to Problem 25,...Ch. 4.2 - Credit Scores (Refer to Problem 26, Section 4.1.)...Ch. 4.2 - Height versus Head Circumference (Refer to Problem...Ch. 4.2 - Prob. 20AYUCh. 4.2 - Weight of a Car versus Miles per Gallon (Refer to...Ch. 4.2 - Hurricanes (Refer to Problem 30, Section 4.1) The...Ch. 4.2 - Cola Consumption vs. Bone Density Example 5 in...Ch. 4.2 - Attending Class The following data represent the...Ch. 4.2 - CEO Performance (Refer to Problem 31 in Section...Ch. 4.2 - Bear Markets (Refer to Problem 32, Section 4.1) A...Ch. 4.2 - Male vs. Female Drivers (Refer to Problem 34,...Ch. 4.2 - Graduation Rates Go to...Ch. 4.2 - Putting It Together: Housing Prices One of the...Ch. 4.2 - Putting It Together: Smoking and Birth Weight It...Ch. 4.2 - What is a residual? What does it mean when a...Ch. 4.2 - Explain the phrase outside the scope of the model....Ch. 4.2 - Explain what each point on the least-squares...Ch. 4.3 - The _____ _____ _____, R2, measures the proportion...Ch. 4.3 - Total deviation = _____ deviation + _____...Ch. 4.3 - Match each coefficient of determination to a...Ch. 4.3 - NW The Other Old Faithful Perhaps you are familiar...Ch. 4.3 - Concrete As concrete cures, it gains strength. The...Ch. 4.3 - Prob. 7AYUCh. 4.3 - Problems 712 use the results from Problems 2530 in...Ch. 4.3 - Prob. 9AYUCh. 4.3 - Problems 712 use the results from Problems 2530 in...Ch. 4.3 - Problems 712 use the results from Problems 2530 in...Ch. 4.3 - Prob. 12AYUCh. 4.3 - Weight of a Car versus Miles per Gallon Suppose...Ch. 4.3 - American Black Bears Suppose that we find a bear...Ch. 4.3 - Putting It Together: Exam Scores The data below...Ch. 4.3 - Sullivan Survey II Go to...Ch. 4.4 - What is meant by a marginal distribution? What is...Ch. 4.4 - Refer to Table 8. Is constructing a conditional...Ch. 4.4 - Prob. 3AYUCh. 4.4 - Explain the idea behind Simpsons Paradox.Ch. 4.4 - In Problems 5 and 6, a. Construct a frequency...Ch. 4.4 - In Problems 5 and 6, a. Construct a frequency...Ch. 4.4 - Made in America In a recent Harris Poll, a random...Ch. 4.4 - Desirability Traits In a recent Harris Poll, a...Ch. 4.4 - NW Party Affiliation Is there an association...Ch. 4.4 - Prob. 10AYUCh. 4.4 - Health and Happiness The General Social Survey...Ch. 4.4 - Happy in Your Marriage? The General Social Survey...Ch. 4.4 - Prob. 13AYUCh. 4.4 - Treating Kidney Stones Researchers conducted a...Ch. 4.4 - Sullivan Survey II Go to...Ch. 4 - Basketball Spreads In sports betting, Las Vegas...Ch. 4 - Fat and Calories in Cheeseburgers A nutritionist...Ch. 4 - Prob. 3RECh. 4 - Prob. 4RECh. 4 - Prob. 5RECh. 4 - a. Draw a scatter diagram treating x as the...Ch. 4 - Use the results from Problems 2 and 4 to compute...Ch. 4 - Prob. 8RECh. 4 - Prob. 9RECh. 4 - New versus Used Car Satisfaction Are you more...Ch. 4 - Unemployment Rates Recessions are an economic...Ch. 4 - Prob. 12RECh. 4 - Prob. 13RECh. 4 - Prob. 1CTCh. 4 - Use the data from Problem 1. a. Find the...Ch. 4 - Use the results from Problems 1 and 2 to compute...Ch. 4 - The following data represent the speed of a car...Ch. 4 - Prob. 5CTCh. 4 - Prob. 6CTCh. 4 - Consider the following contingency table, which...Ch. 4 - What would you say about a set of quantitative...Ch. 4 - If the slope of a least-squares regression line is...Ch. 4 - What does it mean if a linear correlation...
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Similar questions
- Use this data for the exercises that follow: In 2013, there were roughly 317 million citizens in the United States, and about 40 million were elderly (aged 65 and over).[34] 56. If you meet a U.S. citizen, what is the percent chance that the person is elderly? (Round to the nearest tenth of a percent.)arrow_forwardUse this data for the exercises that follow: In 2013, there were roughly 317 million citizens in the United States, and about 40 million were elderly (aged 65 and over).[34] 57. If you meet five U.S. citizens, what is the percent chance that exactly one is elderly? (Round to the nearest tenth of a percent.)arrow_forwardUse this data for the exercises that follow: In 2013, there were roughly 317 million citizens in the United States, and about 40 million were elderly (aged 65 and over).[34] 58. If you meet five U.S. citizens, what is the percent chance that three are elderly? (Round to the nearest tenth of a percent)arrow_forward
- The data set below on the left represents the annual rate of return (in percent) of eight randomly sampled bond mutual funds, and the data set below on the right represents the annual rate of return (in percent) of eight randomly sampled stock mutual funds. Use the information in the table below to complete parts (a) through (d) Then complete part (e). Question Help What is the CV of the data set for bond mutual funds? Bond mutual (Type an integer or decimal rounded to three decimal places as needed) Stock mutual O funds funds What is the CV of the data set for stock mutual funds? 3.1 1.7 9.3 7.5 1.8 3.3 9.0 7.3 2.3 2.6 8.3 7.1 (Type an integer or decimal rounded to three decimal places as needed) 1.5 1.9 8.0 6.8 Based on the coefficient of variation, V have more spread. (e) In the table below, the data set on on the right has the same students' hi and the standard deviation. Draw a c coefficient of variation for both data si udents measured in inches, while the data set ars. For each…arrow_forward%arrow_forwardStudents on a campus of a college in Wisconsin were asked about their age. The results of this survey are recorded in the table below. Student ages Frequency 17-26 44 27-36 28 37-46 11 57 and over 33 (a) What is the relative frequency for the age group 17-26? (Write your answer IN PERCENTAGE FORM. Round to at least 2 decimal place. Do not include the % symbol in your answer.) Answer: % (b) What is the relative frequency for the the age group 37-46? (Write your answer IN PERCENTAGE FORM. Round to at least 2 decimal place. Do not include the % symbol in your answer.)) Answer: %arrow_forward
- Read the following prompt and complete 7.a, 7.b, 7.carrow_forwardFind the Fan Cost Index for the New York Knicks. Team Ticket Other Drink Soft Drink Hot Dog Parking Hat FCI NY Knicks $190 $11.50 $8 $6 $30 $31arrow_forwardWhat is the first step in finding the median? Arrange the data in numerical order, from smallest to largest. Find the average of the middle two values. O Locate the middle value.arrow_forward
- explain WHY this pie chart needs improving and HOW you would improve it.arrow_forwarddata set has five values. The 45th and the 55th percentile are both 16. The largest value is 64, and the geometric mean is 16. What is the mean?arrow_forwardFind the percent of increase for the New York Giants FCI from 2016 to 2017. Team Ticket Soft Drink Other Drink Hot Dog Parking Hat FCI New York Giants (2017) $115.31 $3.00 $9.50 $6.00 $30.00 $19.99 $586.22 New York Giants (2016) $123.40 $3.00 $9.50 $6.00 $30.00 $24.95 $628.50arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Glencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw HillHolt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGAL
- Big Ideas Math A Bridge To Success Algebra 1: Stu...AlgebraISBN:9781680331141Author:HOUGHTON MIFFLIN HARCOURTPublisher:Houghton Mifflin Harcourt
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
Holt Mcdougal Larson Pre-algebra: Student Edition...
Algebra
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Big Ideas Math A Bridge To Success Algebra 1: Stu...
Algebra
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:Houghton Mifflin Harcourt
What Are Research Ethics?; Author: HighSchoolScience101;https://www.youtube.com/watch?v=nX4c3V23DZI;License: Standard YouTube License, CC-BY
What is Ethics in Research - ethics in research (research ethics); Author: Chee-Onn Leong;https://www.youtube.com/watch?v=W8Vk0sXtMGU;License: Standard YouTube License, CC-BY