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In a scorecard development, analysis has taken place on the characteristic Income. The application form had the following question: What is your Income? Tick the appropriate box. 1K - 5K – 10K – 15K – 25K+ 4K 10K 15K 25K The scorecard is designed to generate scores between 100 and 600. In the modelling, the possible scores for this characteristic were calculated as follows: Income 1K – 4K 5K – 10K -13 10K – 15K 14 15K – 25K 29 25K+ 51 No Response -22 List weaknesses of this possible scorecard characteristic and of its data collection.

In a scorecard development, analysis has taken place on the characteristic Income. The application form had the following question: What is your Income? Tick the appropriate box. 1K - 5K – 10K – 15K – 25K+ 4K 10K 15K 25K The scorecard is designed to generate scores between 100 and 600. In the modelling, the possible scores for this characteristic were calculated as follows: Income 1K – 4K 5K – 10K -13 10K – 15K 14 15K – 25K 29 25K+ 51 No Response -22 List weaknesses of this possible scorecard characteristic and of its data collection.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 4BGP
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In a scorecard development, analysis has taken place on the characteristic Income. The application form had the following question: What is your Income? Tick the appropriate box. 1K - 5K – 10K – 15K – 25K+ 4K 10K 15K 25K The scorecard is designed to generate scores between 100 and 600. In the modelling, the possible scores for this characteristic were calculated as follows: Income 1K – 4K 5K – 10K -13 10K – 15K 14 15K – 25K 29 25K+ 51 No Response -22 List weaknesses of this possible scorecard characteristic and of its data collection.
Transcribed Image Text:In a scorecard development, analysis has taken place on the characteristic Income. The application form had the following question: What is your Income? Tick the appropriate box. 1K - 5K – 10K – 15K – 25K+ 4K 10K 15K 25K The scorecard is designed to generate scores between 100 and 600. In the modelling, the possible scores for this characteristic were calculated as follows: Income 1K – 4K 5K – 10K -13 10K – 15K 14 15K – 25K 29 25K+ 51 No Response -22 List weaknesses of this possible scorecard characteristic and of its data collection.
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